Accounting for China ’ s Growth

  title={Accounting for China ’ s Growth},
  author={Loren Brandt and Xiaodong Zhu},
Accounting for China’s Growth China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an equal role for both. For the non-agricultural sector, there have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998… CONTINUE READING


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