| Description |
1 online resource (33 pages) |
| Series |
IMF working paper ; WP/13/240 |
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IMF working paper ; WP/13/240
|
| Contents |
Cover; Contents; I. Introduction; II. Structural Change: The Development Experience of China's Provinces in Light of Cross-Country Trends; A. OECD Economies; Figures; 1. OECD; B. Upper Middle-Income Countries; 2. Upper Middle Income Countries; C. Asian Economies; D. China's Provinces; 3. Asia; 4. China; E. Manufacturing and Service Productivity Among Chinese Provinces; 5. Manufacturing and Service Sector Productivity; 6. China's Provinces-Sector-Level Productivity Differentials; III. The Influence of Macro Policy Initiatives on the Relative Efficiency of the Service Sector |
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A. Relative Efficiency of the Service Sector: The Role of Policy LeversTables; 1. Policy Initiatives and Relative Efficiency of Service Sector; B. Service Sector Productivity; 2. Policy Initiatives and Service Sector Productivity; C. Service Sector Employment Ratio; 3. Policy Initiatives and the Service Sector Employment Ratio; IV. The Role of Factor Market Frictions; A. Proxies for Labor and Credit Market Frictions; B. Factor Market Frictions versus Macro Policies; 7. Interest Rate Spread; 4. Factor Market Frictions and Relative Efficiency of the Service |
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5. Factor Market Frictions and Service Sector Productivity6. Factor Market Frictions and the Service Sector Employment Ratio; V. From Eliminating Factor Market Frictions to Rebalancing Demand; 7. Relative Efficiency of the Service Sector and Consumption Share of Services; VI. Summary; 8. Service Sector Productivity and Service Consumption Level; Appendix; Appendix Tables; 1. Policy Initiatives and Urban-Rural Income Gap; 2. Policy Initiatives and Interest Rate Distortions; References |
| Summary |
This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While patterns of structural transformation across China's provinces are broadly in line with international experience, one important difference is in labor productivity differentials between services and the rest of the economy. Specifically, the gap between labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low to middle income, which is contrary to the trend observed in cross-country experience. Evidence from a pan |
| Notes |
Print version record |
| Subject |
Economic development -- China
|
|
Economic development
|
|
Economic history
|
| SUBJECT |
China -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85024011
|
| Subject |
China
|
| Form |
Electronic book
|
| Author |
Yan, Kai, author
|
| ISBN |
9781475525960 |
|
1475525966 |
|
