| ID | 138103 |
| Title Proper | Industrial structural change and economic growth in China, 1987–2008 |
| Language | ENG |
| Author | Zhao, Jingfeng ; Tang, Jianmin |
| Summary / Abstract (Note) | The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution of an industry to economic growth, the present paper shows that the post-2000 subperiod marked an increased reliance on the services sector as a source of growth in the Chinese economy. Much of the acceleration in real GDP or aggregate labor productivity growth in China in the post-2000 subperiod compared to the pre-2000 period can be traced to an increased contribution from service-producing and high-technology exporting manufacturing industries. The evidence indicates that the Chinese economy has been rebalancing toward domestic consumption and shifting its export sector toward high-technology manufacturing industries. |
| `In' analytical Note | China and World Economy Vol. 23, No.2; Mar/Apr 2015: p.1-21 |
| Journal Source | China and World Economy 2015-04 23, 2 |
| Key Words | Economic Growth ; Productivity Growth ; Aggregate Labor ; Industry Contribution ; Industrial Structural Change |