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الرئيسية > The Chinese Growth Miracle: TF...>الوصف

The Chinese Growth Miracle: TFP versus Factor Accumulation

المصدر: المجلة العلمية للاقتصاد والتجارة
الناشر: جامعة عين شمس - كلية التجارة
المؤلف الرئيسي: Sharaf Aldin, Waleed M. Youssef (مؤلف)
المجلد/العدد: ع4
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2014
الشهر: أكتوبر
الصفحات: 111 - 152
ISSN: 2636-2562
رقم MD: 661289
نوع المحتوى: بحوث ومقالات
قواعد المعلومات: EcoLink
مواضيع:
الصين | التنمية الاقتصادية | الميزانية | التصدير | الاستيراد | النظم المحاسبية
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المستخلص: This paper investigates the reasons beyond the Chinese growth miracle in the post-reform era (since 1979), with the aim of uncovering the relative contribution of TFP and factor accumulation to such remarkable growth. It employs the growth accounting framework assuming constant returns to scale and that a is equal to 0.5. The physical capital stock data are based on physical capital stock estimates by Berlemann and Wesselhoft (2012). The results of growth accounting exercise reveal that that TFPG played a central role in the post- reform era, as the Chinese growth miracle was largely the result of massive physical capital accumulation that was coupled with high productive efficiency; i.e., strong TFPG, indicating that physical capital accumulation has gone hand in hand with TFPG in the post-reform era, whereas the role of labor input was trivial. The paper concludes, therefore, that preserving such remarkable growth in China in the future will require sustaining such high rates of TFPG, which in turn, requires boosting the sources of TFPG in China, mainly innovation, financial development, and structural change.
ISSN: 2636-2562

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