Abstract
TFP is an important tool for analyzing the dynamics of economic growth (Guo and Jia, 2005) and a key indicator for evaluating the efficiency of economic development. In recent years, the TFP of China’s economic developed has received significant academic attention, with a specific focus on exploring the efficiency of factor inputs and productivity improvements in driving economic growth (Wang 2000; Yi et al. 2003; Cai 2013). This book measures the efficiency of China’s economic development through a data envelopment analysis (DEA), a stochastic frontier analysis, (SFA) and a principal component analysis (PCA). Moreover, we decompose the contribution of capital, labor, and productivity improvements to China’s economic growth based on (Solow in Rev Econ Stat 393, 1957) residual value method for analyzing the sources of dynamic for China’s economic development under the New Normal.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
The eastern region in the table includes: Bei**g, Tian**, Hebei, Liaoning, Shandong, Jiangsu, Shanghai, Zhejiang, Fujian, Guangdong, and Hainan; the central region includes: Heilongjiang, Jilin, Shanxi, Henan, Anhui, Jiangxi, Hubei, and Hunan; the western region includes: Sichuan, Yunnan, Guizhou, Guangxi, Inner Mongolia, Shaanxi, Gansu, Qinghai, Ningxia, and **njiang.
- 2.
Zhu Chengliang et al. (2009) used an SFA to measure the technical efficiency of China from 1985 to 2007, and the result was 0.676.
References
Cai, Fang. 2013. How to shift China's economic growth to total factor productivity-driven growth. Social Sciences in China (01): 56–71+206.
Goldsmith, R.W. 1951. A perpetual inventory of national wealth. Studies in Income and Wealth 14: NBER, 5–73.
Guo, Qingwang, and Junxue Jia. 2005. Estimation of total factor productivity in China: 1979–2004. Economic Research Journal (06): 51–60.
Hu, Angang. 2004. Review and comments on national economic and social development from 1997 to 2002. Public Management Review (01).
Liu, Wei, and Hui Zhang. 2008. Industrial structure change and technological progress in China's economic growth. Economic Research 43(11): 4–15.
Solow, Robert M. 1957. Technical change and the aggregate production function. Review of Economics & Statistics 39(3).
Wang, **aolu. 2000. Sustainability and institutional change of China's economic growth. Economic Research Journal (07): 3–15+79.
Yi, Gang, Gang Fan, and Yan Li. 2003. Theoretical considerations on China's economic growth and total factor productivity. Economic Research Journal (08): 13–20+90.
Zheng, **ghai and Angang Hu. 2004. Empirical analysis of changes in inter provincial productivity growth during China's reform period (1979–2001). Economics 4(2).
Zhu, Chengliang, Hongzhi Yue, and Tin Li. 2009. An empirical study on China's economic growth efficiency and its Influencing factors: 1985–2007. Journal of Quantitative and Technical Economics 26(09): 52–63.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2024 People's Publishing House
About this chapter
Cite this chapter
**ao, W., Pan, J., Chen, H. (2024). The Efficiency Evaluation of China’s Economic Development Under the New Normal. In: The Dynamic Transformation of China's Economic Development Under the New Normal. Springer, Singapore. https://doi.org/10.1007/978-981-97-0956-4_3
Download citation
DOI: https://doi.org/10.1007/978-981-97-0956-4_3
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-97-0955-7
Online ISBN: 978-981-97-0956-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)