The purpose of this paper is to estimate total factor productivity （TFP） growth in China by industry. As well as reviewing some previous studies on TFP growth in China, the authors present their estimation of TFP gr...The purpose of this paper is to estimate total factor productivity （TFP） growth in China by industry. As well as reviewing some previous studies on TFP growth in China, the authors present their estimation of TFP growth in China for two periods, 1987-1992 and 1992-1997. During both periods, output growth was as high as double digits. However, the differences in TFP growth between these two periods were remarkable. In the first period, wide-ranging TFP growth was observed, whereas in the latter period, high TFP growth was concentrated in industries such as ＂transportation equipment＂ and ＂electric machinery＂, which are known for actively introducing foreign capital and technologies. In fact, positive relations were confirmed among TFP growth, export performance, and the introduction of foreign capital. Foreign capital made a large contribution to China＇s exportled growth.展开更多
文摘The purpose of this paper is to estimate total factor productivity （TFP） growth in China by industry. As well as reviewing some previous studies on TFP growth in China, the authors present their estimation of TFP growth in China for two periods, 1987-1992 and 1992-1997. During both periods, output growth was as high as double digits. However, the differences in TFP growth between these two periods were remarkable. In the first period, wide-ranging TFP growth was observed, whereas in the latter period, high TFP growth was concentrated in industries such as ＂transportation equipment＂ and ＂electric machinery＂, which are known for actively introducing foreign capital and technologies. In fact, positive relations were confirmed among TFP growth, export performance, and the introduction of foreign capital. Foreign capital made a large contribution to China＇s exportled growth.
