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Productivity Growth in China Before and After 1978 Revisited

Author

Listed:
  • Jesus Felipe

    (Georgia Institute of Technology, GA, USA)

  • JSL McCombie

    (Downing College, University of Cambridge, UK)

Abstract

This paper analyses total factor productivity growth in China, and discusses the evidence regarding whether or not it increased after the implementation of market reforms in 1978. The paper addresses to two major issues. The first considers the case when technical progress in China was biased in a labour-saving direction and the elasticity of substitution was substantially less than unity. Secondly, it is shown that the notion of total factor productivity growth used in most analyses is problematic and misleading since it is based on the concept of aggregate production function. It is shown that the aggregate production function is subject to insurmountable problems that limit its usefulness for empirical exercises.

Suggested Citation

  • Jesus Felipe & JSL McCombie, 2002. "Productivity Growth in China Before and After 1978 Revisited," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 5(1), pages 17-43, May.
    • Handle: RePEc:zag:zirebs:v:5:y:2002:i:1:p:17-43
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    Citations

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    Cited by:

    1. Felipe, Jesus & Lanzafame, Matteo, 2020. "The PRC's long-run growth through the lens of the export-led growth model," Journal of Comparative Economics, Elsevier, vol. 48(1), pages 163-181.
    2. Felipe, Jesus & Laviña, Editha & Fan, Emma Xiaoqin, 2008. "The Diverging Patterns of Profitability, Investment and Growth of China and India During 1980-2003," World Development, Elsevier, vol. 36(5), pages 741-774, May.
    3. Wang, Zijian & Wei, Jiegen, 2004. "Structural Change, Capital’s Contribution, and Economic Efficiency: Sources of China’s Economic Growth Between 1952-1998," Working Papers in Economics 130, University of Gothenburg, Department of Economics, revised 05 Apr 2004.

    More about this item

    Keywords

    Cobb-Douglas production function; elasticity of substitution; technical change;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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