The Enigmas of TFP in China: A meta-analysis

Abstract

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Openness and Urbanization: The Case of the People's Republic of China

“…As opposed to the suggestion in the relative price effect model (e.g., Ngai and Pissarides 2007), as shown in Figure 1, the PRC's urbanization surged after it launched its opening-up policies and market-oriented reform in 1978. The PRC's TFP growth was close to zero before 1978, and most technical progress has occurred after 1978 (Tian and Yu 2012). That is, the status of the PRC economy before 1978 is quite comparable to that of OECD countries in the 19th century when structural transformation and urbanization took off in those countries.…”

“…The inequality in equation (17) The studies by Tian and Yu (2012) and Bosworth and Collins (2008) conclude that the manufacturing sector in the PRC had the greatest annual TFP growth after 1978, significantly higher than other sectors (e.g., about 2.5 times greater than the agricultural TFP growth). Comparatively, this finding in the PRC's sectoral TFP growth is quite different than in OECD countries in terms of ranking, such that the current relative price effect model cannot apply to the case of the PRC's structural transformation.…”

“…However, with respect to historical evidence in the People's Republic of China (PRC), another socialist country located in East Asia, the data show that the TFP growth rate of the agriculture sector is lower than that either of the manufacturing or the service sector in the PRC (e.g., Tian and Yu 2012;Bosworth and Collins 2008). As opposed to the suggestion in the relative price effect model (e.g., Ngai and Pissarides 2007), as shown in Figure 1, the PRC's urbanization surged after it launched its opening-up policies and market-oriented reform in 1978.…”

China's R&D Subsidies Allocation and Effectiveness

“…In addition, Hu & Jefferson (2008) are skeptical that the abrupt increase in industrial R&D observable throughout the early 2000s has been driven by government funding and Guan & Yam (2014) show that direct subsidies have failed to enhance innovative economic performance of firms in Beijing throughout the 1990s. Tian & Yu (2012) point out that the government or scientific community might influence Chinese journals to select politically satisfactory evidence for publication. Although we cannot observe ex ante selection, for those studies in our review, methodological issues, not the journal's language, seem to be decisive.…”

Productivity, Innovation and China’s Economic Growth

“…Consider the following Cobb-Douglas production function (Equation 9.1). Wu (2011); Tian and Yu (2012);and Zhang (2016). 2 For reviews of China's innovation capacity and development, refer to Wu (2012);and Fan (2014).…”