Why is China Growing so Fast?

China has been growing at a spectacular rate in recent years, enabling per capita incomes to almost quadruple in only the last decade and a half This paper identifies the sources of economic growth in China from 1953 to 1994. While capital accumulation played an important role in China’s economic gr...

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Bibliographic Details
Main Author: Khan, Mohsin
Other Authors: Hu, Zuliu
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Labour 
653 |a Pension Funds 
653 |a Labor Economics: General 
653 |a Institutional Investors 
653 |a Macroeconomics: Production 
653 |a Labor economics 
653 |a Capacity 
653 |a Non-bank Financial Institutions 
653 |a Production 
653 |a Macroeconomics 
653 |a Financial institutions 
653 |a Production and Operations Management 
653 |a Production growth 
653 |a Investments: Stocks 
653 |a Productivity 
653 |a Income economics 
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653 |a Capital and Total Factor Productivity 
653 |a Cost 
653 |a Economic theory 
653 |a Financial Instruments 
653 |a Stocks 
653 |a Labor 
653 |a Total factor productivity 
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520 |a China has been growing at a spectacular rate in recent years, enabling per capita incomes to almost quadruple in only the last decade and a half This paper identifies the sources of economic growth in China from 1953 to 1994. While capital accumulation played an important role in China’s economic growth throughout the period, it is basically the sharp and sustained increase in productivity that accounts for the unprecedented economic growth observed during the reform period. The productivity gains largely reflect market-oriented reforms, especially the expansion of the nonstate sector, as well as China’s “open door” policy that brought about a dramatic expansion in foreign trade and foreign direct investment