File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1016/j.red.2012.10.002
- Scopus: eid_2-s2.0-84871921427
- WOS: WOS:000313382800004
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: Factor market distortions across time, space and sectors in China
Title | Factor market distortions across time, space and sectors in China |
---|---|
Authors | |
Keywords | China Distortions Factor markets Total factor productivity |
Issue Date | 2013 |
Citation | Review of Economic Dynamics, 2013, v. 16, n. 1, p. 39-58 How to Cite? |
Abstract | In this paper, we measure TFP losses in China's non-agricultural economy associated with labour and capital misallocation across provinces and sectors between 1985 and 2007. We also decompose the overall loss into factor market distortions within provinces (between state and non-state sectors) and distortions between provinces (within sectors). Over the entire period, misallocation lowers aggregate non-agricultural TFP by an average of twenty percent. However, after initially declining, these losses increased appreciably beginning in the mid-1990s. This reversal can be attributed almost exclusively to increasing misallocation of capital between state and non-state sectors within provinces, while losses from between province misallocation remained fairly constant. We argue that the recent increase in capital market distortions is related to government policies that encourage investments in the state sector at the expense of investments in the more productive non-state sector. © 2012 Elsevier Inc. |
Persistent Identifier | http://hdl.handle.net/10722/315230 |
ISSN | 2023 Impact Factor: 2.3 2023 SCImago Journal Rankings: 3.582 |
ISI Accession Number ID |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Brandt, Loren | - |
dc.contributor.author | Tombe, Trevor | - |
dc.contributor.author | Zhu, Xiaodong | - |
dc.date.accessioned | 2022-08-05T10:18:08Z | - |
dc.date.available | 2022-08-05T10:18:08Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Review of Economic Dynamics, 2013, v. 16, n. 1, p. 39-58 | - |
dc.identifier.issn | 1094-2025 | - |
dc.identifier.uri | http://hdl.handle.net/10722/315230 | - |
dc.description.abstract | In this paper, we measure TFP losses in China's non-agricultural economy associated with labour and capital misallocation across provinces and sectors between 1985 and 2007. We also decompose the overall loss into factor market distortions within provinces (between state and non-state sectors) and distortions between provinces (within sectors). Over the entire period, misallocation lowers aggregate non-agricultural TFP by an average of twenty percent. However, after initially declining, these losses increased appreciably beginning in the mid-1990s. This reversal can be attributed almost exclusively to increasing misallocation of capital between state and non-state sectors within provinces, while losses from between province misallocation remained fairly constant. We argue that the recent increase in capital market distortions is related to government policies that encourage investments in the state sector at the expense of investments in the more productive non-state sector. © 2012 Elsevier Inc. | - |
dc.language | eng | - |
dc.relation.ispartof | Review of Economic Dynamics | - |
dc.subject | China | - |
dc.subject | Distortions | - |
dc.subject | Factor markets | - |
dc.subject | Total factor productivity | - |
dc.title | Factor market distortions across time, space and sectors in China | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.red.2012.10.002 | - |
dc.identifier.scopus | eid_2-s2.0-84871921427 | - |
dc.identifier.volume | 16 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | 39 | - |
dc.identifier.epage | 58 | - |
dc.identifier.isi | WOS:000313382800004 | - |