|Author||江崎 光男, 孫 林|
|Date of Publication||1998. 3|
This paper provides growth accounting of the Chinese economy in three levels (i.e., national economy, three aggregate regions, and thirty provinces) for the period 1981-1995 covering three five-year plans (i.e., sixth, seventh, and eighth). A new method is developed to estimate TFP (total factor productivity) and capital stocks simultaneously based on the framework of growth accounting. Empirical results indicate the importance of capital input in the rapidly growing Chinese economy, but show the crucial role played by the TFP growth in the widening gap of GDP growth between Eastern and the other regions in recent years.