To analyze China’s fluctuating situation of the factor input and aggregative productivity is not only the main method to seek the source of the economic growth but also the main way to weigh the level of economic gro...To analyze China’s fluctuating situation of the factor input and aggregative productivity is not only the main method to seek the source of the economic growth but also the main way to weigh the level of economic growth quality.As to economic growth ofa country,the improvementofthe productivity is extremely important.The growth of the output can be realized through two kinds of ways: increasing the quantity of factor input of or improving the efficiency of the input and output.There fore, the level of economic growth quality does not mainly depend on the amount of invested factor,but the importance of improving the productivity since resources are rare. The relative improvement of efficiency in use of the invested factor marks the economic growing quality.So,in order to understand the economic growth quality of China to some extent, it must analyze Chinese factor input and aggregative productivity. This is the main topic that this text will be probed into.展开更多
In the present paper, the debate on China＇s growth sustainability is first revisited by highlighting the importance of total factor productivity （TFP）. China ＂s TFP performance is then assessed by applying the Jor...In the present paper, the debate on China＇s growth sustainability is first revisited by highlighting the importance of total factor productivity （TFP）. China ＂s TFP performance is then assessed by applying the Jorgensonian aggregate production possibility frontier framework to the latest version of the China lndustry Productivity （CIP） database. We find that of China＇s 8.9-percent annual GDP growth over the period 1980-2012, 7. 0 percentage points （ppts） could be attributed to the growth of labor productivity and 1.9 ppts to the increase in hours worked. Nevertheless, the labor productivity growth is found to be heavily dependent on capital deepening （5.7） rather than TFP growth （0.8）. Notably, the TFP growth turned negative over 2007-2012, which brings into question the sustainability of China＇s growth. Besides, industries that are less prone to state intervention show faster TFP growth than those controlled by the state. Incorporating the Domar aggregation scheme into our model, we further reveal that two-thirds of the TFP growth originates from within industries and the remainder is attributed to a net factor reallocation effect in which labor plays a positive role, whereas capital appears to behave irrationally. Finally, using a revised Maddison-Wu approach to address the potential flaws in official statistics, we arrive at an annual growth rate of 7.2 percent, or 1.7-ppts slower than the 8.9percent obtained based on the CIP data reconstructed using the official national accounts.展开更多
The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution o fan industry to economic gro...The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution o fan industry to economic growth, the present paper shows that the post-2000 subperiod marked an increased reliance on the services sector as a source of growth in the Chinese economy. Much of the acceleration in real GDP or aggregate labor productivity growth in China in the post-2000 subperiod compared to the pre-2000 period can be traced to an increased contribution from service-producing and high-technology exporting manufacturing industries. The evidence indicates that the Chinese economy has been rebalancing toward domestic consumption and shifting its export sector toward high- technology manufacturing industries.展开更多
Objective To explore the impact of pre-operative platelet aggregation rate(PAR)on off-pump coronary artery bypass grafting(OPCABG),meanwhile to study the relationship between platelet function and blood product applic...Objective To explore the impact of pre-operative platelet aggregation rate(PAR)on off-pump coronary artery bypass grafting(OPCABG),meanwhile to study the relationship between platelet function and blood product application during peri-operative period in relevant patients.Methods A total of 172 patients receiving OPCABG in our hospita from 2014-01 to 2015-09 were en-展开更多
文摘To analyze China’s fluctuating situation of the factor input and aggregative productivity is not only the main method to seek the source of the economic growth but also the main way to weigh the level of economic growth quality.As to economic growth ofa country,the improvementofthe productivity is extremely important.The growth of the output can be realized through two kinds of ways: increasing the quantity of factor input of or improving the efficiency of the input and output.There fore, the level of economic growth quality does not mainly depend on the amount of invested factor,but the importance of improving the productivity since resources are rare. The relative improvement of efficiency in use of the invested factor marks the economic growing quality.So,in order to understand the economic growth quality of China to some extent, it must analyze Chinese factor input and aggregative productivity. This is the main topic that this text will be probed into.
文摘In the present paper, the debate on China＇s growth sustainability is first revisited by highlighting the importance of total factor productivity （TFP）. China ＂s TFP performance is then assessed by applying the Jorgensonian aggregate production possibility frontier framework to the latest version of the China lndustry Productivity （CIP） database. We find that of China＇s 8.9-percent annual GDP growth over the period 1980-2012, 7. 0 percentage points （ppts） could be attributed to the growth of labor productivity and 1.9 ppts to the increase in hours worked. Nevertheless, the labor productivity growth is found to be heavily dependent on capital deepening （5.7） rather than TFP growth （0.8）. Notably, the TFP growth turned negative over 2007-2012, which brings into question the sustainability of China＇s growth. Besides, industries that are less prone to state intervention show faster TFP growth than those controlled by the state. Incorporating the Domar aggregation scheme into our model, we further reveal that two-thirds of the TFP growth originates from within industries and the remainder is attributed to a net factor reallocation effect in which labor plays a positive role, whereas capital appears to behave irrationally. Finally, using a revised Maddison-Wu approach to address the potential flaws in official statistics, we arrive at an annual growth rate of 7.2 percent, or 1.7-ppts slower than the 8.9percent obtained based on the CIP data reconstructed using the official national accounts.
文摘The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution o fan industry to economic growth, the present paper shows that the post-2000 subperiod marked an increased reliance on the services sector as a source of growth in the Chinese economy. Much of the acceleration in real GDP or aggregate labor productivity growth in China in the post-2000 subperiod compared to the pre-2000 period can be traced to an increased contribution from service-producing and high-technology exporting manufacturing industries. The evidence indicates that the Chinese economy has been rebalancing toward domestic consumption and shifting its export sector toward high- technology manufacturing industries.
文摘Objective To explore the impact of pre-operative platelet aggregation rate(PAR)on off-pump coronary artery bypass grafting(OPCABG),meanwhile to study the relationship between platelet function and blood product application during peri-operative period in relevant patients.Methods A total of 172 patients receiving OPCABG in our hospita from 2014-01 to 2015-09 were en-
