Accounting for Growth of the China Economy Along with an Unorthodox Methodology

Cracow University of Economics Working Paper No. 25/KR/1/09/S/489

19 Pages Posted: 6 Nov 2009

Date Written: November 4, 2009

Abstract

It is a common knowledge that productivity is a factor, which leads nations to welfare state and it determines the economic growth rate as well. The higher productivity the better welfare of citizens. In respect to growth and productivity the economic research are for the most part focused on the econometric approach where total factor productivity is the central category. Another way of the productivity research presented here is focused on a cost approach and natural production function. This function describes relation between independent variables of outlays and product as dependent variable so that differential analysis is a natural tool of research. In that case the productivity concept appears naturally in form of the labour productivity ratio. The aim of this paper is a presentation of the new approach and its application to the productivity analysis. The China’s economy in context of international environment is a chief objective of the presented research.

Keywords: growth of capital, production function, models of growth, total factor productivity, labour productivity, China’s economy growth

JEL Classification: 011, 015, 047

Suggested Citation

Dobija, Mieczyslaw, Accounting for Growth of the China Economy Along with an Unorthodox Methodology (November 4, 2009). Cracow University of Economics Working Paper No. 25/KR/1/09/S/489, Available at SSRN: https://ssrn.com/abstract=1499607 or http://dx.doi.org/10.2139/ssrn.1499607

Mieczyslaw Dobija (Contact Author)

Cracow University of Economics ( email )

ul. Rakowicka 27
31 510 Krakow, 31-510
Poland

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