An Empirical Analysis on the Growth of Total Factor Productivity of China's Service Industry
SI Zeng-chuo
Abstract
SI Zeng-chuo
Abstract
This paper analyzes the growth of total factor productivity of the China's service industry by means of non-parameter Malmquist index.The result of research is that from 1991 to 2005,the growth of China's service industry TFP is 0.4%,technology change index is 3.2%,efficiency index of the technology is-2.7%,and the growth of service industry TFP due to the technology change,in the mean time efficiency of technology gives it a negative impact,growth of service industry TFP is different in east region,middle region,west region of China.Developing regions may catch up with developed regions through technology transfer.
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This paper analyzes the growth of total factor productivity of the China's service industry by means of non-parameter Malmquist index.The result of research is that from 1991 to 2005,the growth of China's service industry TFP is 0.4%,technology change index is 3.2%,efficiency index of the technology is-2.7%,and the growth of service industry TFP due to the technology change,in the mean time efficiency of technology gives it a negative impact,growth of service industry TFP is different in east region,middle region,west region of China.Developing regions may catch up with developed regions through technology transfer.
Key concepts: Total factor productivity, Tertiary sector of the economy, Malmquist index, Index (typography), China, Productivity, Service (business), Economics