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Can China’s Growth be Sustained? A Productivity Perspective

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.
University
Göteborg University. School of Business, Economics and Law
URI
http://hdl.handle.net/2077/2855
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  • Working papers
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gunwpe0236.pdf (134.9Kb)
Date
2006
Author
Hu, Angang
Bigsten, Arne
Zheng, Jinghai
Keywords
Growth; Productivity; China
Publication type
Report
ISSN
1403-2465
Series/Report no.
Working Papers in Economics, nr 236
Language
en
Metadata
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