when | 2017 | |
who | Bas van Leeuwen Peter Foldvari Li Jieli |
|
what journal | Economic History of Developing Regions | |
what paper | Human Capital in Republican and New China: Regional and Long-Term Trends | |
language | English |
involved project member(s)
Bas van Leeuwen | Peter Foldvari | Li Jieli |
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abstract
In recent decades it has been debated whether China’s growth performance is primarily driven by capital accumulation (more inputs) or rather by an increase in Total Factor Productivity (TFP) growth (better technology and institutions). The answer to this question may offer a glimpse into the future trends of China’s economic growth. If the perspiration factors are dominant, one should expect a slowdown in the growth of the Chinese economy in accordance with the traditional Solow model. If, however, TFP growth drives per capita GDP growth, one can expect a strong convergence of China toward the technological frontier. In this paper we combine historical, long-term analysis with quantitative methods to find out whether the effect of (both human- and physical) capital and TFP on growth changed over the last 90 years. While partly relying on existing data, lack of information required us to estimate a new dataset on human capital for the provinces of China between 1922 and 2010 which allows us to decompose the observed economic growth into accumulation driven and TFP driven parts. We find that general technological development improved steadily over the course of the 1990s and 2000s.
keywords
China, economic development, human capital, technology
MLA | van Leeuwen, Bas, Jieli van Leeuwen-Li, and Peter Foldvari. “Human capital in Republican and New China: regional and long-term trends.” Economic History of Developing Regions 32.1 (2017): 1-36. |
APA |
van Leeuwen, B., van Leeuwen-Li, J., & Foldvari, P. (2017). Human capital in Republican and New China: regional and long-term trends. Economic History of Developing Regions, 32(1), 1-36.
|
Chicago | van Leeuwen, Bas, Jieli van Leeuwen-Li, and Peter Foldvari. “Human capital in Republican and New China: regional and long-term trends.” Economic History of Developing Regions 32, no. 1 (2017): 1-36. |
Harvard | van Leeuwen, B., van Leeuwen-Li, J. and Foldvari, P., 2017. Human capital in Republican and New China: regional and long-term trends. Economic History of Developing Regions, 32(1), pp.1-36. |
Vancouver | van Leeuwen B, van Leeuwen-Li J, Foldvari P. Human capital in Republican and New China: regional and long-term trends. Economic History of Developing Regions. 2017 Jan 2;32(1):1-36. |