The paper discusses the falling back of economic growth from four aspects. From the aspect of production, the traditional industry has the greatest impact on the falling back of economic growth. From the perspective o...The paper discusses the falling back of economic growth from four aspects. From the aspect of production, the traditional industry has the greatest impact on the falling back of economic growth. From the perspective of demand, the consumption demand, investment demand, and export demand have jointly caused the falling back of the economic growth, in which the pulling function of investment demand is more obvious. From the standpoint of cardinality, the growth rate of the economy is restrained by the increase of economic scale. From the perspective of production factors, changes in the supply of labor force affect the falling back of economic growth rate.展开更多
By examining how China’s total factor productivity(TFP)evolved over time on the industry level,we can help determine where China should head for in a new era featured by a shift from old to new growth drivers and pro...By examining how China’s total factor productivity(TFP)evolved over time on the industry level,we can help determine where China should head for in a new era featured by a shift from old to new growth drivers and promote high-quality economic development.Based on consistent and comparable data of input and output,this paper measures total factor productivity on the industry level through growth accounting method and then estimate the overall productivity of the entire economy with aggregate production possibility frontier(APPF)and cross-industry direct aggregation.On this basis,China’s growth drivers are analyzed.Results show that from 1985 to 2015,capital input was the top contributor to China’s economic growth and TFP also played an important role.Up to 70 percent of the aggregate TFP growth could be attributed to increases in industrial TFP,while the remaining 30 percent came from improved cross-industrial resource allocation.展开更多
文摘The paper discusses the falling back of economic growth from four aspects. From the aspect of production, the traditional industry has the greatest impact on the falling back of economic growth. From the perspective of demand, the consumption demand, investment demand, and export demand have jointly caused the falling back of the economic growth, in which the pulling function of investment demand is more obvious. From the standpoint of cardinality, the growth rate of the economy is restrained by the increase of economic scale. From the perspective of production factors, changes in the supply of labor force affect the falling back of economic growth rate.
基金supported by the Youth Program of the National Social Science Fund of China(18CJL017)the National Statistics Research Program of National Bureau of Statistics(2019LZ20)+1 种基金the special fund from China Postdoctoral Science Foundation(2018T110079)the Tsinghua China Data Center’s China TFP Estimation and Prediction”program.
文摘By examining how China’s total factor productivity(TFP)evolved over time on the industry level,we can help determine where China should head for in a new era featured by a shift from old to new growth drivers and promote high-quality economic development.Based on consistent and comparable data of input and output,this paper measures total factor productivity on the industry level through growth accounting method and then estimate the overall productivity of the entire economy with aggregate production possibility frontier(APPF)and cross-industry direct aggregation.On this basis,China’s growth drivers are analyzed.Results show that from 1985 to 2015,capital input was the top contributor to China’s economic growth and TFP also played an important role.Up to 70 percent of the aggregate TFP growth could be attributed to increases in industrial TFP,while the remaining 30 percent came from improved cross-industrial resource allocation.
