Productivity, Efficiency and Economic Growth in China
Yanrui Wu
Language: English
Pages: 181
ISBN: B012YSKS9I
Format: PDF / Kindle (mobi) / ePub
This book provides a detailed insight into productivity, efficiency and growth in the Chinese economy, and offers results on capital stock and ICT capital estimates.
17.89 18.23 19.27 15.94 13.15 10.97 144.58 385.79 550.39 1,127.59 2,293.23 3,119.54 6,907.00 (Continued) 10.1057/9780230228252 - Productivity, Efficiency and Economic Growth in China, Yanrui Wu 68 Productivity, Efficiency and Economic Growth in China Table 4A.4 (Continued) Year Rates of depreciation 0.10 0.15 0.20 0.25 0.30 14,852.43 21,520.19 39,227.49 57,914.46 87,965.60 123,638.80 14,098.44 20,136.67 36,975.49 54,038.88 81,775.64 113,979.10 13,416.69 18,886.35 34,968.40 50,584.44
(2004) Spillover on innovation (R&D technology) Patent Applications (log), measure of R&D output; FDI (log), the values lagged one period; S&Tper (log), number of personnel for science and technical development; S&Texp (log), expenditures on science and technical development; Fexport (log), share of foreign-funded enterprises export to its gross output; and PGDP (log), per capita GDP Panel data (provincial level) Hu and Jefferson (2002) Spillover on productivity Y, value added; K (log), net
−4.423 (0.000) 0.468 (0.680) −9.280 (0.000) −5.312 (0.000) −4.687 (0.000) −0.714 (0.238) 1.945 (0.974) 2.628 (0.996) 0.616 (0.731) 2.042 (0.979) −6.595 (0.000) −2.845 (0.002) −1.508 (0.066) 0.037 (0.515) −0.484 (0.314) 1.222 (0.889) 2.196 (0.986) −3.688 (0.000) −2.180 (0.015) 0.466 (0.679) −1.905 (0.028) −0.078 (0.469) −6.407 (0.000) Notes: The null hypothesis is H0 : non-stationary (unit-root). p-values are in parentheses. The normalized IPS t -bar statistic is distributed as N (0,1).
growth is complicated and controversial, and hence the focus of the core chapters of this volume using the Chinese economy as the case studies. The objectives of this concluding chapter are twofold. It first presents a summary of the main findings in this book (Section 8.1). It then sheds some light on the outlook for sustainable growth in China (Section 8.2). 8.1 Summary of the main findings Broadly the six core chapters in this book, that is Chapters 2–7, can be divided into three parts, with
distance functions 123 output vector 123 overproduction of products 126 panel data 95 estimations 104 with time-specific effects and higher-order serial correlation 113 unit root tests 113 167 panel database 34 parametric approach 120 perpetual inventory approach 7–8 perpetual inventory method 35 population-weighted coefficients of variation 21 PPP see purchasing power parity price deflators 8 private landownership 23 private sector 145 production function analysis 23 approach 49 Cobb–Douglas