Search Result

Srl

Item

ID: 110252

Capital inputs in the Chinese economy: estimates for the total economy, industry and manufacturing / Wang, Lili; Szirmai, Adam

Szirmai, Adam	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2012.

Summary/Abstract

This paper presents new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953-2007), for the industrial sector (1953-2007) and for manufacturing (1985-2007). The capital input estimates for industry and manufacturing are also broken down by thirty regions. The paper makes a systematic attempt to apply SNA (System of National Accounts) concepts to the estimation of capital inputs, according to the Perpetual Inventory Method. It makes a clear distinction between capital services from a productivity perspective and wealth capital stocks. The paper provides a detailed analysis of the relevant Chinese statistical concepts and data. It provides an explanation of the procedures followed in constructing the new national and regional capital input series.

Key Words

China ; Industry ; Manufacturing ; Regions ; Capital Input ; Capital Services ;
Capital Stocks

In Basket

Export

ID: 161891

Physical capital estimates for China's provinces, 1952–2015 and beyond / Holz, Carsten A

Holz, Carsten A	Journal Article
	0 Rating(s) & 0 Review(s)

Summary/Abstract

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of calculations, and the extensive data requirements. This paper (i) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between wealth capital stock and capital services (the appropriate measure of capital for productivity studies), and (iii) applies the most recent methodology advanced by the OECD (and implemented by the U.S. Bureau of Labor Statistics and the Australian Bureau of Statistics). The complete set of data is available online and is expected to be updated on an annual basis in the future.

Key Words

Capital Services ; Wealth Capital Stock ; Capital Concepts

In Basket

Export