Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Gothenburg, Department of Economics
No 127: An Empirical Analysis of Provincial Productivity in China (1979-2001)
Jinghai Zheng () and Angang Hu ()
Additional contact information
Jinghai Zheng: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG
Angang Hu: Center for China Studies, School of Public Policy and Management,, Postal: Tsinghua University, Beijing, China
Abstract: This study analyzes provincial productivity growth in China for the period of 1979-2001. The Malmquist Index approach allows us to decompose productivity growth into two components, technical progress and efficiency change. Considerable productivity growth was found for most of the data period, but it was accomplished mainly through technical progress rather than efficiency improvement. Although China’s capital stock has been accumulated at the speed of a historical record in recent years, our findings show that TFP growth slowed significantly during 1995-2001. The study thus raises serious questions on whether China’s recent growth pattern is consistent with its comparative advantages, and whether its reliance on capital accumulation can be sustained in the long run.
Keywords: Productivity; capital deepening; China
29 pages, First version: March 12, 2004. Revised: March 22, 2004.
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