An Analysis of the Determinants of Provincial-Level Performance in China's Economy

This paper examines the determinants of the national-and provincial-level performance in post-reform China. Using panel data, we find that both capital accumulation and the total factor productivity (TFP) improvement play an important role in the rapid growth of the Chinese economy since the incepti...

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Veröffentlicht in:	Comparative economic studies 2005-09, Vol.47 (3), p.520-542
Hauptverfasser:	Liu, Huangjin, Miyamoto, Katsuhiro
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Capital stock China Dependent variables Econometrics Economic aspects Economic conditions Economic development Economic growth Economic models Economic performance Economic reform Empirical tests Forecasts and trends Foreign investment GDP Generalized method of moments Gross Domestic Product Growth rates Human capital Impact analysis National accounting Production functions Productivity Regional development Regional economics Regression analysis Studies Time series Trade policy Variables
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Zusammenfassung:	This paper examines the determinants of the national-and provincial-level performance in post-reform China. Using panel data, we find that both capital accumulation and the total factor productivity (TFP) improvement play an important role in the rapid growth of the Chinese economy since the inception of the reform and the open-door policy. After analysing the growth performance of each group for both the whole period and the sub-periods, we empirically find that there exist different growth patterns for each group. This paper also studies the determinants of TFP in contemporary China. Comparative Economic Studies (2005) 47, 520–542. doi:10.1057/palgrave.ces.8100056
ISSN:	0888-7233 1478-3320
DOI:	10.1057/palgrave.ces.8100056