Gold into Base Metals: Productivity Growth in the People's Republic of China during the Reform Period / Alwyn Young.

Format:

Book

Author/Creator:

Young, Alwyn.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7856.

NBER working paper series no. w7856

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Gold into Base Metals

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2000.

Summary:

With minimal sleight of hand, it is possible to transform the recent growth experience of the People's Republic of China from the extraordinary into the mundane. Systematic understatement of inflation by enterprises accounts for 2.5% growth per annum in the non-agricultural economy during the reform period (1978-1998). The usual suspects, i.e. rising participation rates, improvements in educational attainment, and the transfer of labour out of agriculture, account for most of the remainder. The productivity performance of the non-agricultural economy during the reform period is respectable, but not outstanding. To the degree that the reforms have improved efficiency, these gains may lie principally in agriculture.

Notes:

Print version record

August 2000.