Accounting For China's Growth In 1952-2008: China's Growth Performance Debate Revisited With A Newly Constructed Data Set

Using a "Data fundamentalist approach," this paper revisits the long debate about China's growth performance by seriously tackling the existing data problems that have been the major obstacles to a proper assessment of China's growth performance. First, this paper examines and adjusts the serious break in the official employment statistics in 1990. Second, it provides an adjustment for the numbers employed by a human capital effect. Third, it tests the sensitivity of Maddison's "Zero labor productivity growth" assumption in gauging the real growth of the so-called "Non-material (including non-market) services." Fourth, it further improves the author's earlier physical output-based production index for the industrial sector by using multiple weights and time-variant value added ratios obtained from the Chinese input-output tables.

Provided by: Research Institute of Economy, Trade and Industry (RIETI) Topic: Big Data Date Added: Jan 2011 Format: PDF

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