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1、CanChina’sGrowthbeSustained?AProductivityPerspective*1JINGHAIZHENGandARNEBIGSTENDepartmentofEconomicsSchoolofBusiness,EconomicsandLawGöteborgUniversity,SwedenANGANGHUCenterforChinaStudiesSchoolofPublicPolicyandManagementTsinghuaUniversity,Beijing,ChinaFortheSpecialIssueonLaw,Finance,andEconomi
2、cGrowthinChinaWorldDevelopment,2007SummaryChina’sunorthodoxapproachtoeconomictransitionhasresultedinsustainedhighgrowth.However,inrecentyearsChineseeconomistshaveincreasinglyreferredtothegrowthpatternas“extensive”,generatedmainlythroughtheexpansionofinputs.OurinvestigationoftheChineseeconomydu
3、ringthereformperiodfindsthatreformmeasuresoftenresultedinone-timeleveleffectsonTFP.Chinanowneedstoadjustitsreformprogramtowardssustainedincreasesinproductivity.Marketandownershipreforms,andopendoorpolicieshaveimprovedthesituationunderwhichChinesefirmsoperate,butfurtherinstitutionalreformsarere
4、quiredtoconsolidateChina’smovetoamodernmarketeconomy.JEL-classification:O47,O53,D24Keywords:Growth,Productivity,China*WewouldliketothanktheparticipantsintheSSE.LSE-CCER,conferenceinStockholm,November2006,inparticularPatrikGustavsson-TingvallandLindaYueh,forusefulcomments.Wehavealsobenefitedfro
5、mseminarsatCenterforChinaStudies,TsinghuaUniversity,ChinaCenterforEconomicResearch,PekingUniversity,andseveralotheruniversitiesinChina,aswellasGöteborgUniversityandOsloUniversity.FinancialsupportfromStiftelsenförekonomiskforskningiVästsverigisgratefullyacknowledged.Weappreciatethesupportandins
6、pirationofLennartHjalmarsson.WealsothankMrQingfengZhangforresearchassistance.1CorrespondingAuthor:JinghaiZheng,DepartmentofEconomics,GöteborgUniversity,Box640,S-40530Göteborg,Sweden;E-mil:Jinghai.Zheng@economics.gu.se.JinghaiZhengisalsoGuestResearchFellowattheCenterforChinaStudies,TsinghuaUniv
7、ersity,Beijing,China.1ThekeytomakingChinawealthyandpowerfulwastoraisetotalfactorproductivity.DwightPerkins(1988)1.IntroductionChinahasachievedtremendouseconomicprogressinthelastthreedecades.Sincetheeconomicreformprocessstartedin1978,Ch
