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The Impact of Reform on Economic Growth in China: A Principal Component Analysis

Ligang Song () and Yu Sheng ()

No RP2008-12, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The study decomposes the sources of Chinese growth by first making a distinction between technological progress and technical efficiency in the growth accounting framework, and then identifying a series of reform programmes, such as urbanization, structural change, privatization, liberalization, banking and fiscal system reforms as the key components in institutional innovation which facilitate the improvement of technical efficiency and through which economic growth.

Keywords: Economic development; Industrialization; Institutional economics; Urbanization (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cna, nep-dev, nep-fdg and nep-tra
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