Download or read book Productivity Efficiency and Economic Growth in China written by Y. Wu and published by Springer. This book was released on 2008-10-23 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed insight into productivity, efficiency and growth in the Chinese economy, and offers results on capital stock and ICT capital estimates (at both national and regional levels) which will be an important resource for readers.
Download or read book Productivity Efficiency and Reform in China s Economy written by Kai Yuen Tsui and published by . This book was released on 1995 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
Download or read book Changes in Production Efficiency in China written by Bing Xu and published by Springer Science & Business Media. This book was released on 2013-08-30 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluating Production Efficiency in China examines production from engineering and statistics perspectives rather than from economics and mathematics perspectives. The authors present an observable benchmark as the criterion of the production efficiency to replace the unobservable production frontier surface. This book discusses several different computing technologies, controllable variable as a path of identification, changes in production efficiency by decision making on specific operating conditions, and optimal resource allocation. The book provides a channel to tap inside the success stories of China, exploiting the way of changes in production efficiency during China’s development in the past 30 years. This book examines the concepts and realization of production efficiencies across all areas of the economy. Also the book provides the perspective of foreign direct investment (FDI) absorption to identify how Chinese economy changes in production efficiency.
Download or read book A Research on China s Economic Growth Potential written by Chong-en Bai and published by Routledge. This book was released on 2017-06-26 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: After impressive growth of about 10% per annum for three decades, China's visible signs of economic slowdown since 2008 have been subject to much contention. What causes the deceleration? What should we expect in an era of China's 6% growth? This book answers these questions in three parts. Although it is widely accepted that China can hardly continue its high-speed growth model, estimations for its future growth potential differ greatly. The first part of this book predicts China's growth to 2050, which considers both cross-country historical experiences and China's own demographic structure and employment participation features. In the second part, the book offers a comprehensive estimation of China's national and provincial total factor productivity (TFP) over the period of 1978 to 2014 based on comparable data. It then analyzes the causes of China's economic slowdown from a productivity point of view. Finally, this book correspondingly outlines policy recommendations, including supply-side structural reform and macroeconomic policy frameworks, to effectively address the issue of decline in both labor and labor productivity growth. This book will attract scholars and students of economics and China's economic studies.
Download or read book Environment Energy and Economy written by Yoichi & Yokobori and published by . This book was released on 2002-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productive Performance of Chinese Enterprises written by Y. Wu and published by Springer. This book was released on 1996-04-15 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: `The book is an excellent example of the application of modern econometric techniques to Chinese data, some of which was especially collected for the research. The results throw new light on aspects of industrial sector reform in China. The book deserves wide attention from those interested in the economic reforms in China, especially those interested in the implications of the reforms for industrial sector efficiency and productivity growth.' - Christopher Findlay, University of Adelaide As the rural township, village and private enterprises are becoming more and more significant in the Chinese economy, this book focuses on the comparison of the rural (non-state) and state firms in terms of performance. The analysis is based on the empirical results from estimating various production functions applied to cross-section and panel data. Both aggregate and firm-specific efficiencies are examined in the case studies, exploring potential sources of efficiency differentials such as ownership, scale, factor intensity, location and economic reforms. Special attention is also paid to the regional comparison of industrial development and performance. The implications of the findings in the book for economic and reform policy are thus highlighted.
Download or read book China s Remarkable Economic Growth written by John Knight and published by Oxford University Press. This book was released on 2012-04-12 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy has been growing at ten per cent per annum for the last three decades. This book considers one of the biggest questions facing contemporary economists: why and how is the Chinese economy growing so fast?
Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Download or read book China s Economic Growth written by Yanrui Wu and published by Routledge. This book was released on 2004-03-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current growth of the Chinese economy is of immense importance for the global economy. This book outlines the main characteristics of Chinese economic growth over the last two decades, and investigates in detail the key determinants of growth, especially capital formation and productivity issues. It goes on to examine the important related questions of employment and underemployment, regional disparity, and economic integration, exploring in detail how far economic integration has taken place in south China, including the economies of Hong Kong and Taiwan, and how far this integration has been a determinant of economic growth. The book makes comparisons with other East Asian economies, and concludes with a consideration of the prospects for continuing growth in the twenty-first century.
Download or read book A Comparative Study of Productivity and Efficiency Among State owned Private and Foreign funded Enterprises in China written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: (Uncorrected OCR) Abstract of thesis entitled "A Comparative Study of Productivity and Efficiency among State-owned, Private and Foreign-funded Enterprises in China" Submitted by Tang Yuen Wai, Livia for the Master of Arts in China Area Studies at the University of Hong Kong in June 2003 Abstract: China's economy and its industries have been in a state of continuous transition since 1980. Three types of enterprise have been chosen for this study, to compare their productivity and efficiency. All three have played significant roles throughout the period of China's economic development. The investing environment in China, which attracts numerous investors from both the local and worldwide scenes, has been changing rapidly. The state sector has undergone reforms and privatizations aimed at correcting the problems oflow performance and loss making situations. At the same time, the private sector has undergone rapid change due to the transformation of the Chinese market. In addition, the emergence of foreign funded enterprises in China has facilitated domestic economic growth. This study discusses the path which each of the three selected types of enterprise will follow, including the problems they will face. It uses three sets of economic indicators to compare the three types of enterprise: fundamental value, industrial performance and productivity & efficiency. Through the comparisons, we find that state-owned enterprises obtain the lowest level of productivity and efficiency while foreign- funded enterprises ha ve the highest. It is suggested that the results are significant for the government in its aim of providing a stable political as well as investment environment so as to achieve the greatest possible development during China's transition to a modem market ecommy.
Download or read book Economic Development in the Context of China written by C. Tisdell and published by Springer. This book was released on 1992-12-09 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author takes a fresh look at China's economic policies, development strategies and economic experiences since 1978. General economic principles and analysis are applied in a comparative framework which provides useful insights for assessing China's economic strategies and its implication for other developing countries. Among the topics discussed are market reforms, new technology and technology transfer, foreign direct investment, regional development, poverty and income inequality, agricultural development, industrial development, enterprise management, the tourism industry, population policies and international issues raised by China's economic development.
Download or read book Economic Growth and Distribution in China written by Nicholas R. Lardy and published by Cambridge University Press. This book was released on 1978-08-31 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focuses on the China's leadership's attempt to improve economic efficiency by decentralizing economic management.
Download or read book Regional Development and Economic Growth in China written by Yanrui Wu and published by World Scientific. This book was released on 2013 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has enjoyed unprecedented high economic growth for three decades. This growth has however been unbalanced and has led to some serious consequences which Chinese policy makers are now trying to rectify. One of the consequences is the deterioration of regional disparity which is threatening the stability of the Chinese society and hence the sustainability of current high economic growth in the country. This edited volume on China''s regional development and economic growth is hence timely and contains a collection of the latest research reports in this field. The authors represent a distinguished group of economists in Australia, China, Japan and Vietnam who are actively engaged in research of the Chinese economy. The topics addressed in the chapters cover important regional issues such as inequality, distribution of the creative class, FDI and industrial policies. Specifically, this volume aims to examine selected issues associated with China''s regional development, economic growth and FDI, and China and its neighboring economies. The findings will contribute to current economic policy debates.
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Download or read book Research on China s Market Economy Development written by Wei Liu and published by Springer Nature. This book was released on with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt:
