Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/32159
Title: China's GDP level and growth performance : alternative estimates and the implications
Authors: Wu, HX
Issue Date: 2000
Publisher: Int Assoc Res Income Wealth
Source: Review of income and wealth, 2000, no. 4, p. 475-499 How to cite?
Journal: Review of Income and Wealth 
Abstract: This study critically evaluates alternative estimates of China's GDP level and growth, as well as its PPP GDP conversions, and, based on this evaluation, ir draws important implications for the understanding of China's economic performance in both historical and international perspectives. It finds that although almost all empirical results have supported the downward-bias hypothesis for China's GDP level and the upward-bias hypothesis for China's GDP growth, they vary greatly, and that PPP estimates for China are also diversified. These estimates, if accepted, may substantially alter the existing views on the Chinese economy, particularly, its size, TFP level and catch-up performance. The discussion focuses on the theories, methodologies and data used in these studies, and particularly, the possible biases in their results thereby. It argues, however, that despite differences in estimates, they could still provide sensible boundaries for researchers to gauge the "real" values and hence assess China's "real" living standard and growth performance.
URI: http://hdl.handle.net/10397/32159
ISSN: 0034-6586
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