The Contribution of Total Factor Productivity to China's Economic Growth: 1952-2002
Chuanzhe Liu
Abstract
Chuanzhe Liu
Abstract
By establishing analysis model of total factor productivity,this paper collects China's statistical data during 1952-2002 and estimates annual total factor productivity as well as its growth rate.The main conclusions are as follows: before the reform and opening up,China's total factor productivity fluctuated significantly and fell a little;during the early stage of the reform,there had been a lot of ups and downs in the total factor productivity;but during 1992-1998,the total factor productivity soared for seven years,and the contribution of the total factor productivity to output reached 22.22%;from 1998 till now,the total factor productivity growth is dropping slowly.
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By establishing analysis model of total factor productivity,this paper collects China's statistical data during 1952-2002 and estimates annual total factor productivity as well as its growth rate.The main conclusions are as follows: before the reform and opening up,China's total factor productivity fluctuated significantly and fell a little;during the early stage of the reform,there had been a lot of ups and downs in the total factor productivity;but during 1992-1998,the total factor productivity soared for seven years,and the contribution of the total factor productivity to output reached 22.22%;from 1998 till now,the total factor productivity growth is dropping slowly.
Key concepts: Total factor productivity, Productivity, China, Economics, Agricultural economics, Economic growth, Geography, Archaeology