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| Content Provider | Springer Nature Link |
|---|---|
| Author | Caruso, Massimo |
| Copyright Year | 2002 |
| Abstract | This paper analyzes the procyclical behavior of Chinese Total Factor Productivity (TFP). It shows that measured Solow residuals are correlated to the growth rate of real imports per worker and to other macroeconomic variables that fluctuate at cyclical frequencies. The magnitude of the trend shift in TFP after the start of economic reforms in 1978 is found to be robust to the introduction of cyclical factor utilization and other systematic influences on productivity. The propagation mechanisms of macroeconomic shocks to output are also evaluated on the basis of a seven-variable VAR system. The empirical results indicate that the growing openness of the economy has contributed to sustaining the observed long run productivity increases and has raised spatial inequality. |
| Starting Page | 251 |
| Ending Page | 274 |
| Page Count | 24 |
| File Format | |
| ISSN | 09237992 |
| Journal | Open Economies Review |
| Volume Number | 13 |
| Issue Number | 3 |
| e-ISSN | 1573708X |
| Language | English |
| Publisher | Kluwer Academic Publishers |
| Publisher Date | 2002-01-01 |
| Publisher Place | Boston |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Development Economics International Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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