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| 1 |
ID:
081746
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| 2 |
ID:
081747
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| Publication |
2008.
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| Summary/Abstract |
Using a firm-level data set for 1998 and 2005 including all of China's 'above designated size' enterprises that together account for more than 85% of China's industrial output, this paper investigates three issues. One key issue in China's industrial system is the extent to which growth has been driven by productivity change. A second issue is the relative productivity performance of enterprises of different ownership types, including a comparison of state-owned versus various forms of non-state ownership. The third issue is whether productivity across China's key regions-coast, northeast, central, and west-exhibits convergence or divergence. One key finding that cuts across all three issues is the exceptional contribution to productivity growth made by exiting and entering firms, much of which is associated with restructuring. During 1998-2005, the phenomenon of firm exit and entry contributed substantially to China's overall industrial productivity growth, to the relatively rapid growth of state industry productivity, and to substantial productivity catch-up with the coastal region by many of the interior provinces
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| 3 |
ID:
081748
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| Publication |
2008.
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| Summary/Abstract |
The impressive growth of the Chinese economy in the past three decades has attracted a lot of attention and hence the research interest of many scholars and policy makers. One of the focuses in the literature is the role of productivity in China's economic growth. This paper aims to revisit the debate about the role of productivity in China's growth, to provide an updated estimate of productivity growth and hence to make a contribution to the understanding of China's economic growth in recent years. Its objective is to propose and apply a growth accounting technique to assess economic performance in China, in particular the role of technological progress in China's recent growth. The findings about the latter may have important policy implications for the sustainability of China's economic growth in the future
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