Capital Stock In China

ECONOMICS

CHINAS CAPITAL STOCK SERIES BY REGION AND SECTOR

by

Yanrui Wu Business School University of Western Australia

DISCUSSION news report 09.02

Chinas Capital Stock Series by Region and Sector

Yanrui Wu UWA Business School University of Western Australia 35 Stirling Highway, Crawley WA 6009 Australia 618 6488 3964 (tel), 618 6488 1016 (fax) yanrui.wu@uwa.edu.au

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Introduction

Chinas stinting reforms and subsequently rapid appendage for three decades (1978-2007) have attracted a lot of attention two inside and outside the country. As a result, a broad literature has emerged.1 While working on Chinas economic statistics, researchers have confronted a major problem, ie. no expectant stock info are reported in the Chinese statistical system. Subsequently, researchers have attempted to derive Chinas capital stock data by themselves. Zhang (1991), He (1992) and eats (1993) are examples of ahead studies on capital stock estimates and economic growth in China. Zhang and He represent two of the pioneering studies conducted by scholars inside China. Their capital stock estimates are based on the statistics of accruement defined under the traditional Material production System (MPS) in China.



2 The latter was replaced by the UN-adopted System of field of study Accounts (SNA) in the earlier 1990s and subsequently reporting of the accumulation information was discontinued in 1993. Chow (1993) is one of the earlier studies published in English. His study covered the period of 1952-1985. He derived capital stock series for five economic sectors ie. agriculture, industry, construction, dose and commerce. Chows empirical estimations were based on data of national income, accumulation of fixed assets and circulating funds. He similarly derived an estimate of capital stock in agriculture by using data of the original value of

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Examples include the humans Bank (1997), Maddison (1998), Woo (1998), Bramall (2000), Wang and Fan (2000), Young (2003),...If you want to contribute a full essay, order it on our website: Orderessay



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