资源描述：
《the sources of eocnomic growth of china》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、ChinaEconomicReview14(2003)32–52SourcesofChina’seconomicgrowth1952–1999:incorporatinghumancapitalaccumulationYanWANG*,YudongYAOTheWorldBank,1818HStreet,NW,Washington,DC20433,USAAccepted28July2002AbstractChina’seconomicgrowthhasbeenremarkablesincetherefo
2、rmstartedin1978.Thereisanongoingdebateaboutwhetherthisperformanceisdrivenmainlybyproductivitygrowthorbyfactoraccumulation.Butfewpaststudiestakenhumancapitalintoaccount,andthuscontainedanomissionbias.Inthispaper,weconstructameasureofChina’shumancapitalst
3、ockover1952–1999andemployitinourgrowthaccountingexercise.Wefindthat,first,inChina,theaccumulationofhumancapitalwasquiterapidanditcontributedsignificantlytogrowthandwelfare;second,afterincorporatinghumancapital,thegrowthoftotalfactorproductivity(TFP)stil
4、lplayedapositiveroleinGDPgrowthinthereformperiod,whileitwasnegativeintheprereformperiod.TheseresultsarerobustchangesinlaborsharesinGDPandindepreciationrates.Animplicationisthatahighpriorityshouldbegiventohumancapitalaccumulationandproductivitygrowth,ifC
5、hinaistosustainitsgrowthandwelfareimprovementinthenextdecade.D2002ElsevierScienceInc.Allrightsreserved.JELclassification:O40;O15;O53Keywords:China;Economicgrowth;Humancapital;Reform1.IntroductionFewwouldargueaboutChina’sextraordinarygrowthperformancesin
6、cereformsstartedin1978,butthesourcesofthegrowthhavebeenthesubjectofaheateddebate.ThispapercontributestothisdebatebyinvestigatingthedeterminantsofChina’sgrowth*Correspondingauthor.Tel.:+1-202-458-1411;fax:+1-202-676-9810.E-mailaddresses:ywang2@worldbank.
7、org(Y.Wang),yyao@imf.org(Y.Yao).1043-951X/02/$-seefrontmatterD2002ElsevierScienceInc.Allrightsreserved.doi:10.1016/S1043-951X(02)00084-6Y.Wang,Y.Yao/ChinaEconomicReview14(2003)32–5233over1952–1999usingasimplegrowth-accountingframeworkthatincorporateshum
8、ancapitalstock.Byconstructingameasureofhumancapitalstockandcomparingthegrowthexperiencesoftheprereformandreformperiods,wetrytoshedlightontherelativeimportanceoffactoraccumulation(physicalcapital,labor,andhumancapital)andthegrowth
