Gold into Base Metals: Productivity Growth in the People's Republic of China During the Reform Period
68 Pages Posted: 25 Aug 2000 Last revised: 21 Dec 2022
There are 2 versions of this paper
Gold into Base Metals: Productivity Growth in the People's Republic of China During the Reform Period
Date Written: August 2000
Abstract
With minimal sleight of hand, it is possible to transform the recent growth experience of the People's Republic of China from the extraordinary into the mundane. Systematic understatement of inflation by enterprises accounts for 2.5% growth per annum in the non-agricultural economy during the reform period (1978-1998). The usual suspects, i.e. rising participation rates, improvements in educational attainment, and the transfer of labour out of agriculture, account for most of the remainder. The productivity performance of the non-agricultural economy during the reform period is respectable, but not outstanding. To the degree that the reforms have improved efficiency, these gains may lie principally in agriculture.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China
By Alwyn Young
-
China's Labor Market Performance and Challenges
By Ray Brooks and Ran Tao
-
The Achilles’ Heels of Growth: Factor Price Distortions and Wealth Transfer in China
By Lian Cheng and Shuguang Zhang