Explaining the Productivity Growth Gap Between China and India: The Role of Structural Transformation

@article{Liu2015ExplainingTP,
  title={Explaining the Productivity Growth Gap Between China and India: The Role of Structural Transformation},
  author={H. Liu and T. Yang},
  journal={Developing Economies},
  year={2015},
  volume={53},
  pages={100-121}
}
  • H. Liu, T. Yang
  • Published 2015
  • Economics
  • Developing Economies
  • type="main"> Chinese and Indian aggregate productivity growth has been significantly different over the last 30 years. This paper studies the role of structural transformation in accounting for the aggregate productivity growth gap between two economies. We calibrate a neoclassical model of structural transformation for China and India. The model implies that higher productivity growth in China's manufacturing and agriculture accounts for most of the aggregate productivity growth gap between… CONTINUE READING
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