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A Dual Challenge in China’s Sustainable Total Factor Productivity Growth
- Source :
- Sustainability, Vol 12, Iss 5342, p 5342 (2020), Sustainability, Volume 12, Issue 13
- Publication Year :
- 2020
- Publisher :
- MDPI AG, 2020.
-
Abstract
- Since total factor productivity growth plays an essential role in China&rsquo<br />s economic growth, the source of this growth has been a critical issue over the past decades. Hence, this paper applies an input slack-based productivity (ISP) index to investigate the contributors (i.e., labor and capital inputs) to China&rsquo<br />s total factor productivity growth. The ISP index, combining the features of the directional distance function and Luenberger productivity index, can calculate the productivity change of each input factor under the total factor framework. According to the decomposition analyses, we find that China is confronting a dual challenge in total factor productivity growth: first, capital productivity growth exhibits a remarkable slowdown after the mid-1990s<br />second, although labor productivity continually expands, the relative labor efficiency among provinces has deteriorated since the 2000s. The results imply that the government should not only advocate upgrading industrial structure, but also consider balanced regional development policies for China&rsquo<br />s sustainable growth.
- Subjects :
- China
Index (economics)
labor productivity
Natural resource economics
050204 development studies
Geography, Planning and Development
TJ807-830
Management, Monitoring, Policy and Law
TD194-195
Renewable energy sources
Total factor productivity growth
0502 economics and business
Economics
GE1-350
050207 economics
Productivity
Government
Environmental effects of industries and plants
Renewable Energy, Sustainability and the Environment
05 social sciences
capital productivity
input slack-based productivity index
Dual (category theory)
Environmental sciences
Capital (economics)
total factor productivity growth
Sustainable growth rate
Subjects
Details
- Language :
- English
- ISSN :
- 20711050
- Volume :
- 12
- Issue :
- 5342
- Database :
- OpenAIRE
- Journal :
- Sustainability
- Accession number :
- edsair.doi.dedup.....f568fbb75d35cbe76da5b5c025290aaa