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China Total Factor Productivity:Based on the Measurement and Decomposition of FP Index between 1995 and 2012 |
HONG Xingjian,LUO Gangfei |
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Abstract Improving the total factor productivity(TFP)is the fundamental foothold of ensuring the healthy and sustainable development of Chinese economy. This paper discusses the advantages of Fre-Primont(FP)index in measuring TFP, and analyses China TFP between 1995 and 2012 by FP index. The main research results show: (1) The average contribution rate of TFP to economic growth is 4.03 before 2008 and -32.5% after 2008, which means that China economic development relies more on factor inputs after the financial and economic crisis, and this is mainly due to the decline of technical efficiency; (2) The TFP of Northeast, Middle and West China decrease rapidly in 2008-2012 because of the decline of technical efficiency and technical change, and the TFP of East China decrease a little slowly because of the decline of technical change only; (3) The TFP level value of East and Northeast China are bigger than the rest and the variation of 29 provinces is ascending roughly, and the West China exists club convergence in a low TFP level value.
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Received: 01 July 2014
Published: 15 October 2014
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Corresponding Authors:
HONG Xingjian
E-mail: hongxj18@163.com
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