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Can China´s Growth be Sustained? A Productivity Perspective

Report
Authors Jinghai Zheng
Arne Bigsten
Angang Hu
Place of publication Göteborg
Publication year 2006
Published at Department of Economics
Language en
Links hdl.handle.net/2077/2855
Keywords Growth; Productivity; China
Subject categories Economics

Abstract

China´s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years Chinese economists have increasingly referred to the growth pattern as "extensive", generated mainly through the expansion of inputs. Our investigation of the Chinese economy during the reform period finds that reform measures often resulted in one-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and ownership reforms, and open door policies have improved the situation under which Chinese firms operate, but further institutional reforms are required to consolidate China´s move to a modern market economy.

Page Manager: Webmaster|Last update: 9/11/2012
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