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Efficiency and Technological Change: a Three-Sector Comparison

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Part of the book series: Studies on the Chinese Economy ((STCE))

Abstract

Economic growth in China in the past decade and a half has been outstanding by both Chinese and international standards. According to the World Bank (1993) the average yearly growth rate for gross domestic product, for example, was about 10 per cent during the period 1980–92. Contributing to this growth were a series of technological and institutional changes resulting from China’s commitment to economic reform in the 1970s and 1980s. Of these changes, productivity change has been crucial, and controversial. As a result, efforts to evaluate economic growth and the impact of economic reform have focused on the measurement of productivity change in the Chinese economy.

The author would like to thank George Battese, Mike Burns, Enjiang Cheng, Christopher Findlay, Knox Lovell, Jonathan Pincus, Peter Summers and Harry Wu for their helpful comments, and to acknowledge the assistance of Susan Cathro. Work on this chapter was supported by an Otago Fellowship, University of Otago, and a grant to the Chinese Economies Research Centre, University of Adelaide.

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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Wu, Y. (1999). Efficiency and Technological Change: a Three-Sector Comparison. In: Kalirajan, K.P., Wu, Y. (eds) Productivity and Growth in Chinese Agriculture. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27448-2_5

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