Productivity Growth And Technological Change In Chinese Industry

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China's New Sources of Economic Growth: Vol. 2

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 495 pages
File Size : 53,8 Mb
Release : 2017-07-20
Category : Business & Economics
ISBN : 9781760461300

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China's New Sources of Economic Growth: Vol. 2 by Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston Pdf

China’s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year’s book elucidates key present macroeconomic challenges facing China’s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China’s economy. The book explores the development of human capital as the foundations of China’s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China’s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China’s economic growth, and China’s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.

China's New Sources of Economic Growth

Author : Ligang Song
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2017
Category : China
ISBN : OCLC:1316166485

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China's New Sources of Economic Growth by Ligang Song Pdf

China's efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year's book elucidates key present macroeconomic challenges facing China's economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China's economy. The book explores the development of human capital as the foundations of China's push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China's human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China's economic growth, and China's progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.

China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach

Author : Min Zhu,Ms.Longmei Zhang,Daoju Peng
Publisher : International Monetary Fund
Page : 46 pages
File Size : 40,7 Mb
Release : 2019-11-27
Category : Business & Economics
ISBN : 9781513515359

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China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu,Ms.Longmei Zhang,Daoju Peng Pdf

China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.

Productivity, Efficiency and Reform in China's Economy

Author : Kai Yuen Tsui,Thomas G. Rawski
Publisher : Unknown
Page : 456 pages
File Size : 44,7 Mb
Release : 1995
Category : Business & Economics
ISBN : IND:30000042017842

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Productivity, Efficiency and Reform in China's Economy by Kai Yuen Tsui,Thomas G. Rawski Pdf

The Impact of Economic Reform on Productivity Growth in Chinese Industry

Author : Frances Perkins
Publisher : Unknown
Page : 74 pages
File Size : 51,6 Mb
Release : 1991
Category : Business & Economics
ISBN : STANFORD:36105016362738

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The Impact of Economic Reform on Productivity Growth in Chinese Industry by Frances Perkins Pdf

TChina Paper 91/6' from the Economics Division of the Research School of Pacific Studies, ANU, this paper examines economic reform on productivity growth in Chinese industry. It assesses the impact of the special trade reform policies through case studies of Xiamen and Shanghai.

The Global Welfare Impact of China

Author : Mr.Julian Di Giovanni,Mr.Andrei A. Levchenko,Mr.Jing Zhang
Publisher : International Monetary Fund
Page : 50 pages
File Size : 43,9 Mb
Release : 2012-03-01
Category : Business & Economics
ISBN : 9781475502312

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The Global Welfare Impact of China by Mr.Julian Di Giovanni,Mr.Andrei A. Levchenko,Mr.Jing Zhang Pdf

This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration.

China's New Sources of Economic Growth: Reform, Resources and Climate Change -

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : Unknown
Page : 128 pages
File Size : 43,9 Mb
Release : 2016-07-20
Category : China
ISBN : 1760460346

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China's New Sources of Economic Growth: Reform, Resources and Climate Change - by Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston Pdf

China's change to a new model of growth, now called the 'new normal', was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China's economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year's Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China's economy and environment review change within China's new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China's economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China's economic development since 1978 is full of exciting change, and this year's China Update is again the way to know it as it is happening.

Productivity, Efficiency and Economic Growth in China

Author : Y. Wu
Publisher : Springer
Page : 169 pages
File Size : 48,8 Mb
Release : 2008-10-23
Category : Business & Economics
ISBN : 9780230228252

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Productivity, Efficiency and Economic Growth in China by Y. Wu Pdf

This book provides a detailed insight into productivity, efficiency and growth in the Chinese economy, and offers results on capital stock and ICT capital estimates (at both national and regional levels) which will be an important resource for readers.

Regional Development And Economic Growth In China

Author : Wu Yanrui
Publisher : World Scientific
Page : 352 pages
File Size : 46,8 Mb
Release : 2013-04-24
Category : Business & Economics
ISBN : 9789814439862

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Regional Development And Economic Growth In China by Wu Yanrui Pdf

China has enjoyed unprecedented high economic growth for three decades. This growth has however been unbalanced and has led to some serious consequences which Chinese policy makers are now trying to rectify. One of the consequences is the deterioration of regional disparity which is threatening the stability of the Chinese society and hence the sustainability of current high economic growth in the country. This edited volume on China's regional development and economic growth is hence timely and contains a collection of the latest research reports in this field. The authors represent a distinguished group of economists in Australia, China, Japan and Vietnam who are actively engaged in research of the Chinese economy. The topics addressed in the chapters cover important regional issues such as inequality, distribution of the creative class, FDI and industrial policies. Specifically, this volume aims to examine selected issues associated with China's regional development, economic growth and FDI, and China and its neighboring economies. The findings will contribute to current economic policy debates.

China: Building An Innovative Economy

Author : Celeste Varum,Can Huang,Joaquim Borges Gouveia
Publisher : Elsevier
Page : 152 pages
File Size : 51,7 Mb
Release : 2007-11-30
Category : Business & Economics
ISBN : 9781780632261

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China: Building An Innovative Economy by Celeste Varum,Can Huang,Joaquim Borges Gouveia Pdf

A comprehensive description of China’s innovation system through in-depth analysis of its transformation in the past two decades. The most recent developments are included in order to summarize Chinese experience of reforming its industry and academy sector to meet the challenge of innovation. The discussion is not only centred on the policy and its impact, but goes further to find the logic behind the actions. The book also examines the strengths and weaknesses of China’s innovation system in the global context. The book helps R&D managers, business professionals and academics grasp an understanding of the new changes in China from the perspective of innovation. It also facilitates policy makers and academics to understand the Chinese experience of building a dynamic and innovative economy. Comprehensive coverage of China’s innovation using the national innovation system approach Includes up-to-date information regarding data, policy reforms and policy impact Original comparative discussion of China’s innovation practice in the global context

Technology and Industrial Transformation of China

Author : Yanqing Jiang,Jiewei Gu
Publisher : Springer Nature
Page : 213 pages
File Size : 45,9 Mb
Release : 2022-10-30
Category : Business & Economics
ISBN : 9789811974588

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Technology and Industrial Transformation of China by Yanqing Jiang,Jiewei Gu Pdf

This book explores how China’s industrial transformation and development depend on technology and innovation and how considerations about issues associated with technology and innovation may affect China’s development strategies. Market-oriented reforms initiated four decades ago have constantly fueled a high speed of development in China. The country’s industrial structure has experienced rapid evolution. In the meantime, especially in the general context of globalization, the country has also opened to foreign trade and foreign direct investment, transforming itself from a virtually completely closed economy into a major trading nation and the largest developing country destination for foreign direct investment in the world. Technology is thought to be one of the key driving forces that shape the transformation of the Chinese economy. Owing to different speeds of innovation and technology diffusion, uneven development is one major issue in the process of China’s industrial transformation under new trends of globalization. Substantial disparities across different Chinese regions, e.g., the gaps in regional industrial development and those in incomes and living standards, have been one prominent feature of China and are (needless to say) closely related to different speeds of innovation and technology diffusion. The relationship between technology diffusion, innovation, and industrial development is an important yet complicated issue that deserves careful study. Considerations related to technology and innovation play a crucial role in leading and shaping China’s development strategies and routes. Sustainable development of China creates strong pressures for continuous transforming, upgrading, and restructuring of the Chinese economy, and in all of these processes, innovation and technology diffusion play a fundamental role. The book presents to the interested reader facts, thoughts, models, empirical results, and discussions that shed light on those issues.

Technological Progress and the Transformation of China’s Economic Development Mode

Author : Wen Xiao
Publisher : Springer Nature
Page : 402 pages
File Size : 43,5 Mb
Release : 2020-10-01
Category : Business & Economics
ISBN : 9789811572814

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Technological Progress and the Transformation of China’s Economic Development Mode by Wen Xiao Pdf

This book explores how technological progress accelerates the transformation of economic development by adopting a fundamental logical approach to technological progress, intensive inputs, and promotion of productive efficiency to transformation of economic development. It investigates the internal mechanisms and the choice of corresponding modes that initiate technological progress to accelerate the transformation of economic development at three basic research levels: micro-enterprise level, mid-industry level and macro-economy level. Based on the above research, the book summarizes four dimensions facilitating the transformation: agricultural intensification, new industrialization, modernization of the service industry and the advanced manufacturing industry, and linkage of the modern service industry. This book is especially valuable in its hierarchical categorization covering theoretical, empirical, industrial and strategic exploration. On one hand, it analyzes the mechanisms and approaches influencing the transformation of economic development driven by technological progress from both theoretical and empirical perspectives. On the other hand, based on the introduction of advanced international experiences, it probes into the guarantee basis for the strategic implementation and the corresponding mode choices of the transformations. Furthermore, it offers specific policy proposals from both the macro level of how technological progress promotes the transformation of economic development and the micro level covering the agricultural, industrial and service industries.

Global China

Author : Tarun Chhabra,Rush Doshi,Ryan Hass
Publisher : Brookings Institution Press
Page : 430 pages
File Size : 55,5 Mb
Release : 2021-06-22
Category : Political Science
ISBN : 9780815739173

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Global China by Tarun Chhabra,Rush Doshi,Ryan Hass Pdf

The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.