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Department of Economics, School of Business, Economics and Law, University of Gothenburg Working Papers in Economics

No 236:
Can China’s Growth be Sustained? A Productivity Perspective

Jinghai Zheng (), Arne Bigsten () and Angang Hu ()

Abstract: China’s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years Chinese economists have increasingly referred to the growth pattern as “extensive”, generated mainly through the expansion of inputs. Our investigation of the Chinese economy during the reform period finds that reform measures often resulted in one-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and ownership reforms, and open door policies have improved the situation under which Chinese firms operate, but further institutional reforms are required to consolidate China’s move to a modern market economy.

Keywords: Growth; Productivity; China; (follow links to similar papers)

JEL-Codes: D24; O47; O53; (follow links to similar papers)

32 pages, November 28, 2006

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This paper is forthcoming as:
Zheng, Jinghai, Arne Bigsten and Angang Hu, 'Can China’s Growth be Sustained? A Productivity Perspective', World Development.



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