Estimating Capital Formation and Capital Stock by Economic Sector in China: The Implications for Productivity Growth
This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal models...
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2020
|
Schriftenreihe: | World Bank E-Library Archive
|
Online-Zugang: | Volltext |
Zusammenfassung: | This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal models of economic development are based on a competitive economy, which is clearly not the case for the country's infrastructure and government sectors. Moreover, the contribution of housing to gross domestic product in China is very poorly measured. Although the results of this analysis can only be approximate, as the required detailed information for a better estimate is not published, they nonetheless suggest that there has not been overinvestment in the Chinese business sector - its capital-output ratio has risen only slightly over the past 40 years. Yet, there have been surges in the stocks of housing and infrastructure in the past decade. These sectors account nearly all the recent increase in the capital-output ratio in China |
Beschreibung: | 1 Online-Ressource (39 Seiten) |
DOI: | 10.1596/1813-9450-9317 |
Internformat
MARC
LEADER | 00000nmm a2200000zc 4500 | ||
---|---|---|---|
001 | BV048274757 | ||
003 | DE-604 | ||
007 | cr|uuu---uuuuu | ||
008 | 220609s2020 |||| o||u| ||||||eng d | ||
024 | 7 | |a 10.1596/1813-9450-9317 |2 doi | |
035 | |a (ZDB-1-WBA)NLM011156783 | ||
035 | |a (OCoLC)1334025948 | ||
035 | |a (DE-599)GBVNLM011156783 | ||
040 | |a DE-604 |b ger |e rda | ||
041 | 0 | |a eng | |
049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
100 | 1 | |a Herd, Richard |e Verfasser |4 aut | |
245 | 1 | 0 | |a Estimating Capital Formation and Capital Stock by Economic Sector in China |b The Implications for Productivity Growth |c Herd, Richard |
264 | 1 | |a Washington, D.C |b The World Bank |c 2020 | |
300 | |a 1 Online-Ressource (39 Seiten) | ||
336 | |b txt |2 rdacontent | ||
337 | |b c |2 rdamedia | ||
338 | |b cr |2 rdacarrier | ||
490 | 0 | |a World Bank E-Library Archive | |
520 | |a This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal models of economic development are based on a competitive economy, which is clearly not the case for the country's infrastructure and government sectors. Moreover, the contribution of housing to gross domestic product in China is very poorly measured. Although the results of this analysis can only be approximate, as the required detailed information for a better estimate is not published, they nonetheless suggest that there has not been overinvestment in the Chinese business sector - its capital-output ratio has risen only slightly over the past 40 years. Yet, there have been surges in the stocks of housing and infrastructure in the past decade. These sectors account nearly all the recent increase in the capital-output ratio in China | ||
700 | 1 | |a Herd, Richard |4 oth | |
776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Herd, Richard |t Estimating Capital Formation and Capital Stock by Economic Sector in China: The Implications for Productivity Growth |d Washington, D.C : The World Bank, 2020 |
856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-9317 |x Verlag |z kostenfrei |3 Volltext |
912 | |a ZDB-1-WBA | ||
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033654952 |
Datensatz im Suchindex
_version_ | 1812671828194230272 |
---|---|
adam_text | |
adam_txt | |
any_adam_object | |
any_adam_object_boolean | |
author | Herd, Richard |
author_facet | Herd, Richard |
author_role | aut |
author_sort | Herd, Richard |
author_variant | r h rh |
building | Verbundindex |
bvnumber | BV048274757 |
collection | ZDB-1-WBA |
ctrlnum | (ZDB-1-WBA)NLM011156783 (OCoLC)1334025948 (DE-599)GBVNLM011156783 |
discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
doi_str_mv | 10.1596/1813-9450-9317 |
format | Electronic eBook |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zc 4500</leader><controlfield tag="001">BV048274757</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220609s2020 |||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/1813-9450-9317</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)NLM011156783</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1334025948</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM011156783</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Herd, Richard</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Estimating Capital Formation and Capital Stock by Economic Sector in China</subfield><subfield code="b">The Implications for Productivity Growth</subfield><subfield code="c">Herd, Richard</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2020</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (39 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">World Bank E-Library Archive</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal models of economic development are based on a competitive economy, which is clearly not the case for the country's infrastructure and government sectors. Moreover, the contribution of housing to gross domestic product in China is very poorly measured. Although the results of this analysis can only be approximate, as the required detailed information for a better estimate is not published, they nonetheless suggest that there has not been overinvestment in the Chinese business sector - its capital-output ratio has risen only slightly over the past 40 years. Yet, there have been surges in the stocks of housing and infrastructure in the past decade. These sectors account nearly all the recent increase in the capital-output ratio in China</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Herd, Richard</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Herd, Richard</subfield><subfield code="t">Estimating Capital Formation and Capital Stock by Economic Sector in China: The Implications for Productivity Growth</subfield><subfield code="d">Washington, D.C : The World Bank, 2020</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/1813-9450-9317</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033654952</subfield></datafield></record></collection> |
id | DE-604.BV048274757 |
illustrated | Not Illustrated |
index_date | 2024-07-03T20:00:12Z |
indexdate | 2024-10-12T04:02:46Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033654952 |
oclc_num | 1334025948 |
open_access_boolean | 1 |
owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
physical | 1 Online-Ressource (39 Seiten) |
psigel | ZDB-1-WBA |
publishDate | 2020 |
publishDateSearch | 2020 |
publishDateSort | 2020 |
publisher | The World Bank |
record_format | marc |
series2 | World Bank E-Library Archive |
spellingShingle | Herd, Richard Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth |
title | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth |
title_auth | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth |
title_exact_search | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth |
title_exact_search_txtP | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth |
title_full | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth Herd, Richard |
title_fullStr | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth Herd, Richard |
title_full_unstemmed | Estimating Capital Formation and Capital Stock by Economic Sector in China The Implications for Productivity Growth Herd, Richard |
title_short | Estimating Capital Formation and Capital Stock by Economic Sector in China |
title_sort | estimating capital formation and capital stock by economic sector in china the implications for productivity growth |
title_sub | The Implications for Productivity Growth |
url | https://doi.org/10.1596/1813-9450-9317 |
work_keys_str_mv | AT herdrichard estimatingcapitalformationandcapitalstockbyeconomicsectorinchinatheimplicationsforproductivitygrowth |