Alternative Measures for Chinese Productivity Growth
Speaker: Prof Erwin Diewert
Affiliation: University of British Columbia & University of New South Wales
Location: Room 309, Steele Building (#03), UQ St Lucia campus
Abstract
The paper constructs estimates of China’s Total Factor Productivity (TFP) growth over the period 1970-2020 using primarily the Asian Productivity Organization (APO) data base augmented by additional data developed by Koji Nomura at Keio University. China’s TFP growth will be measured using the following methods: (i) the exact index number method developed by Jorgenson (and his coworkers) and Diewert and Morrison and (ii) a nonparametric method developed by Diewert and Fox. Economy wide estimates of rates of return on assets will also be calculated. Estimates for quality adjusted labour developed by Nomura will be used as well as estimates for missing inputs such as Land. Finally, instead of using GDP as the output concept, alternative estimates of TFP growth using net output as the output concept will be provided. The alternative measure is useful in explaining Chinese real income growth.
About the presenter's meeting
Prof Diewert will be visiting the School of Economics between 24th October – 4th November. While here, he will be using Room 520A, Level 5, Colin Clark Building. If you would like to book a one-on-one meeting with the presenter, please email your time availability to Prof Prasada Rao or directly to Prof Diewert.
About School Seminar Series
The School of Economics General Seminar Series is held on Fridays. These are in-person and presented by a range of guest researchers from around Australia and internationally.