Equipment investment, output and productivity in China
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Título
Equipment investment, output and productivity in ChinaFecha de publicación
2012-02Editor
Springer-VerlagISSN
0377-7332; 1435-8921Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://link.springer.com/article/10.1007/s00181-010-0418-zVersión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
At the beginning of the 1990s, J. Bradford De Long and Lawrence H. Summers highlighted in a series of influential articles that there were good reasons and quantitative evidence to support the point of view that ... [+]
At the beginning of the 1990s, J. Bradford De Long and Lawrence H. Summers highlighted in a series of influential articles that there were good reasons and quantitative evidence to support the point of view that machinery and equipment investment might be strongly associated with economic growth. China along with its enormous investment effort over recent decades constitutes an interesting case study with which to analyse the role played by equipment investment in its recent economic performance and its interaction with other sources of growth, i.e. openness, R&D, human capital and infrastructure. Our results provide evidence that equipment investment and exports are two of the most important determinants of both labour productivity and output in the long run even after controlling for other sources of growth in China. Furthermore, when human capital and infrastructure are included, the authors find that they have a positive effect on economic activity in the long run. [-]
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Empirical Economics, February 2012, Volume 42, Issue 1Derechos de acceso
© Springer, Part of Springer Science+Business Media The final publication is available at link.springer.com
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info:eu-repo/semantics/openAccess
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