China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach

Author: Min Zhu

Publisher: International Monetary Fund

Published: 2019-11-27

Total Pages: 46

ISBN-13: 1513515357

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China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.

China's Agricultural Development
China's Agricultural Development

Author: Xiao-yuan Dong

Publisher: Taylor & Francis

Published: 2017-03-02

Total Pages: 324

ISBN-13: 1351952161

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This book identifies the main challenges Chinese agriculture is confronting and considers how these challenges might be met. The performance of China's agricultural production is comprehensively assessed while the factors that affect agricultural productivity are examined through detailed econometric analysis and up to date nationally representative data.

Regional Productivity Growth In China's Agriculture
Regional Productivity Growth In China's Agriculture

Author: Shenggen Fan

Publisher: CRC Press

Published: 2019-07-11

Total Pages: 224

ISBN-13: 1000309495

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This study by Shenggen Fan makes three important and original contributions. It is the first study to report regional patterns of productivity growth in Chinese agriculture. There have been dramatic differences in output and productivity growth among Chinese regions. The second contribution is to measure the separate effects of technical change and institutional reform on productivity growth. Much of the rapid growth in agricultural production and in productivity since the late 1970s has been a consequence of an important series of institutional reforms. The third contribution is the first test of the induced innovation hypothesis against experience in a centrally planned economy. Regional patterns of productivity growth are consistent with the hypothesis that the path of technical change has been responsive to regional differences in resource endowments.

Who Will Feed China?
Who Will Feed China?

Author: Lester Russell Brown

Publisher: W. W. Norton & Company

Published: 1995

Total Pages: 180

ISBN-13: 9780393038972

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To feed its 1.2 billion people, China may soon have to import so much grain that this action could trigger unprecedented rises in world food prices. In Who Will Feed China: Wake-up Call for a Small Planet, Lester Brown shows that even as water becomes more scarce in a land where 80 percent of the grain crop is irrigated, as per-acre yield gains are erased by the loss of cropland to industrialization, and as food production stagnates, China still increases its population by the equivalent of a new Beijing each year. When Japan, a nation of just 125 million, began to import food, world grain markets rejoiced. But when China, a market ten times bigger, starts importing, there may not be enough grain in the world to meet that need - and food prices will rise steeply for everyone. Analysts foresaw that the recent four-year doubling of income for China's 1.2 billion consumers would increase food demand, especially for meat, eggs, and beer. But these analysts assumed that food production would rise to meet those demands. Brown shows that cropland losses are heavy in countries that are densely populated before industrialization, and that these countries quickly become net grain importers. We can see that process now in newspaper accounts from China as the government struggles with this problem.

Development Centre Studies Chinese Economic Performance in the Long Run
Development Centre Studies Chinese Economic Performance in the Long Run

Author: Maddison Angus

Publisher: OECD Publishing

Published: 1998-09-25

Total Pages: 196

ISBN-13: 9264163557

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The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

The Shifting Patterns of Agricultural Production and Productivity Worldwide
The Shifting Patterns of Agricultural Production and Productivity Worldwide

Author: Julian M. Alston

Publisher:

Published: 2010

Total Pages: 482

ISBN-13: 9780962412189

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In this book we assemble a range of evidence from a range of sources with a view to developing an improved understanding of recent trends in agricultural productivity around the world. The fundamental purpose is to better understand the nature of the long-term growth in the supply of food and its principal determinants. We pursue this purpose from two perspectives. One is from a general interest in the world food situation in the long run. The other is from an interest in the implications of U.S. and global productivity patterns for U.S. agriculture.

Productivity Growth in Agriculture
Productivity Growth in Agriculture

Author: Keith Owen Fuglie

Publisher: CABI

Published: 2012

Total Pages: 390

ISBN-13: 1845939212

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This volume is written primarily for agricultural economists doing research on productivity. It includes discussions of the theoretical underpinnings of productivity measurement as well as the many practical considerations that go into translating this theory into actual measures of aggregated outputs and inputs. The unifying concept of agricultural productivity used across the chapters of this volume is aggregate total factor productivity (TFP) of the sector. The volume also contains detailed analysis of the underlying causes of agricultural productivity growth. Part I (chapters 2-6) examines agricultural productivity in high-income and transition countries. Part II (chapters 7-11) examines agricultural productivity growth and its driving forces in five important agricultural producers in Asia and Latin America. Part III (chapters 12-14) focuses on measuring and identifying constraints to agricultural productivity growth in sub-Saharan Africa. Part IV (chapters 15-16) gives a global perspective on agricultural productivity.

China’s 40 Years of Reform and Development: 1978–2018
China’s 40 Years of Reform and Development: 1978–2018

Author: Ross Garnaut

Publisher: ANU Press

Published: 2018-07-19

Total Pages: 709

ISBN-13: 176046225X

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The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

Regional Productivity Growth In China's Agriculture
Regional Productivity Growth In China's Agriculture

Author: Shenggen Fan

Publisher: CRC Press

Published: 2019-07-11

Total Pages: 196

ISBN-13: 1000237613

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This study by Shenggen Fan makes three important and original contributions. It is the first study to report regional patterns of productivity growth in Chinese agriculture. There have been dramatic differences in output and productivity growth among Chinese regions. The second contribution is to measure the separate effects of technical change and institutional reform on productivity growth. Much of the rapid growth in agricultural production and in productivity since the late 1970s has been a consequence of an important series of institutional reforms. The third contribution is the first test of the induced innovation hypothesis against experience in a centrally planned economy. Regional patterns of productivity growth are consistent with the hypothesis that the path of technical change has been responsive to regional differences in resource endowments.

Agricultural Productivity and Producer Behavior
Agricultural Productivity and Producer Behavior

Author: Wolfram Schlenker

Publisher: University of Chicago Press

Published: 2019-11-13

Total Pages: 316

ISBN-13: 022661980X

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Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This research also considers whether agricultural productivity growth has been, and will be, associated with significant environmental externalities. Among the topics studied are genetically modified crops; changing climatic factors; farm production responses to government regulations including crop insurance, transport subsidies, and electricity subsidies for groundwater extraction; and the role of specific farm practices such as crop diversification, disease management, and water-saving methods. This research provides new evidence that technological as well as policy choices influence agricultural productivity.