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Is Chinese Growth Overstated?

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Abstract

For analysts of the Chinese economy, questions about the accuracy of the country’s official GDP data are a frequent source of angst, leading many to seek guidance from alternative indicators. These nonofficial gauges often suggest Beijing’s growth figures are exaggerated, but that conclusion is not supported by our analysis, which draws upon satellite measurements of the intensity of China’s nighttime light emissions—a good proxy for GDP growth that is presumably not subject to whatever measurement errors may affect the country’s official economic statistics.

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  • Maximo Camacho & Hunter L. Clark & Xavier X. Sala-i-Martin, 2017. "Is Chinese Growth Overstated?," Liberty Street Economics 20170419, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87191
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    Cited by:

    1. Matthew Higgins, 2020. "China's Growth Outlook: Is High-Income Status in Reach?," Economic Policy Review, Federal Reserve Bank of New York, vol. 26(4), pages 69-97, October.

    More about this item

    Keywords

    nighttime lights; GDP; China;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General

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