{"title":"中国最近的生产力趋势：来自宏观和企业层面数据的证据","authors":"B. Loren, Litwack John, Mileva Elitza, Luhang Wang, Yifan Zhang, Luan Zhao","doi":"10.1353/chn.2022.0004","DOIUrl":null,"url":null,"abstract":"Abstract:Using macro- and micro-level data, this article examines China’s productivity growth slowdown after 2007. The authors find that strong investment in infrastructure and housing led to lower returns to capital. Firm-level evidence suggests that limited market entry and exit and a lack of resource allocation to more productive firms were associated with slower manufacturing total factor productivity (TFP) growth. Earlier reforms had led to convergence in productivity between state-owned and private manufacturing companies, but this process stalled after 2007. China’s growth potential remains high, but its long-term prospects depend on reversing the decline in TFP growth.","PeriodicalId":45391,"journal":{"name":"China-An International Journal","volume":null,"pages":null},"PeriodicalIF":0.5000,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Recent Productivity Trends in China: Evidence from Macro- and Firm-Level Data\",\"authors\":\"B. Loren, Litwack John, Mileva Elitza, Luhang Wang, Yifan Zhang, Luan Zhao\",\"doi\":\"10.1353/chn.2022.0004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract:Using macro- and micro-level data, this article examines China’s productivity growth slowdown after 2007. The authors find that strong investment in infrastructure and housing led to lower returns to capital. Firm-level evidence suggests that limited market entry and exit and a lack of resource allocation to more productive firms were associated with slower manufacturing total factor productivity (TFP) growth. Earlier reforms had led to convergence in productivity between state-owned and private manufacturing companies, but this process stalled after 2007. China’s growth potential remains high, but its long-term prospects depend on reversing the decline in TFP growth.\",\"PeriodicalId\":45391,\"journal\":{\"name\":\"China-An International Journal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.5000,\"publicationDate\":\"2022-02-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"China-An International Journal\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://doi.org/10.1353/chn.2022.0004\",\"RegionNum\":4,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"AREA STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"China-An International Journal","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1353/chn.2022.0004","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"AREA STUDIES","Score":null,"Total":0}
Recent Productivity Trends in China: Evidence from Macro- and Firm-Level Data
Abstract:Using macro- and micro-level data, this article examines China’s productivity growth slowdown after 2007. The authors find that strong investment in infrastructure and housing led to lower returns to capital. Firm-level evidence suggests that limited market entry and exit and a lack of resource allocation to more productive firms were associated with slower manufacturing total factor productivity (TFP) growth. Earlier reforms had led to convergence in productivity between state-owned and private manufacturing companies, but this process stalled after 2007. China’s growth potential remains high, but its long-term prospects depend on reversing the decline in TFP growth.
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