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| 1 |
ID:
105278
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| Publication |
2011.
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| Summary/Abstract |
This paper examines the effects of the regional economic environment and technology diffusion on China's regional total factor productivity (TFP) growth. We build a model of TFP growth in which Chinese regions achieve growth in TFP by making use of technology spillovers from the world technology frontier. We hypothesize that given the world frontier level of TFP, China's regional TFP growth is positively related to regional openness and negatively related to the current level of regional TFP. Empirical analysis in this paper of 29 province-level regions in China strongly supports our hypothesis. By using a nonlinear least squares regression method, we show that regional openness has a significantly positive effect on regional TFP growth. As a by-product, we also estimate a value of the output elasticity of capital that conforms to its traditionally accepted values. The findings of this paper lend strong support to the claim that the opening up process of China promotes the country's economic growth.
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| 2 |
ID:
105277
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| Publication |
2011.
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| Summary/Abstract |
Focusing on Japanese, Korean, Taiwanese, and Chinese firms in the manufacturing sector, this paper examines productivity catch-up at the firm level using the distance from the technology frontier as a direct measure of the potential for catch-up. We also examine the role of absorptive capacity for technological catch-up by including variables such as R&D expenditure and foreign ownership in our empirical estimation. We find that the national frontier has a stronger pull on domestic firms than the regional frontier, which is in line with findings by Bartelsman, Haskel, and Martin (2008). This result indicates that policies to raise the technology level of national frontier firms are beneficial for all firms in that country.
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| 3 |
ID:
105279
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| Publication |
2011.
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| Summary/Abstract |
This paper considers evidence on business group productivity performance in China. It also carries out a detailed investigation into China's 50 largest groups to see if pyramidal groups are forming. As such, we further explore what can be considered as some of the positive and negative attributes of Chinese groups. We show that although improvements in productivity have taken place, some Chinese business groups are also taking the first steps towards developing pyramidal structures. This could have important implications for longer-term productivity growth in China's business groups.
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| 4 |
ID:
105281
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| Publication |
2011.
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| Summary/Abstract |
Process industries, such as chemicals, aluminium, steel, pulp and paper, and thermal electricity generation, are important basic industries for economic growth in an economy such as the Chinese one. In order to promote improved efficiency and growth-inducing structural change, it is of paramount importance to model the development of such industries in a relevant way. It will then be necessary to go outside the smooth textbook production theory and turn to models incorporating typical features of process industries, such as embodied technical change, a sharp difference in substitution possibilities before and after investing, and a dynamic change at the industry level driven by entry and exit of plants and embodied technical change. The purpose of the paper is to give an introduction to the key production function concept of a short-run industry production function, and to show how this concept is the key to understanding industry dynamics. An empirical application is made on data for Chinese coal-fired electricity generation plants for one year. However, this will only be the first stage in a full-blown dynamic analysis. Combined cross-section and time-series data for plants are then required.
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| 5 |
ID:
105280
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| Publication |
2011.
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| Summary/Abstract |
Provincial panel data from the agricultural sector and stochastic frontier production function model were employed to study the total factor productivity (TFP) growth since the 1980s in China. We decomposed the TFP growth into technological progress and technical efficiency changes (efficiency gains) as well as the aggregate agricultural TFP growth into crop-specific subsector's TFP growths. We found that Chinese agriculture experienced significant productivity growth in the last few decades, although the growth rates vary considerably among the subsectors. During this period, the source of productivity growth comes from either technological progress or efficiency gains, not from both of them simultaneously. Particularly since the 1990s, Chinese agriculture experienced a great technological progress and yet a considerable efficiency loss. The differences among sources of productivity growth and among subsectors call for distinct policy responses.
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| 6 |
ID:
105276
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| Publication |
2011.
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| Summary/Abstract |
The debate on the role of total factor productivity (TFP) in China's rapid economic growth has led to the emergence of a large pool of papers on this topic. There is however hardly any consensus in the literature. This paper surveys 74 studies published from the 1990s onwards and employs meta-analysis to investigate whether the empirical findings are systematically affected by the choice of methods, selection of samples, and objectives of individual studies. Insights gained are used to draw implications for further studies.
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