Post-Reform Productivity Performance in Guangdong: 1978-1994

Kui Yin CHEUNG, Cheng Ze FAN

    Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

    4 Citations (Scopus)

    Abstract

    The rapid economic growth in China for the past two decades has recently attracted much attention among economists measuring the post‐reform productivity performance in China. What has been generally ignored in this literature, however, is the heterogeneity of growth performance in different regions in China. In particular, Guangdong province has had a growth rate that is far above the national average. In fact, the growth performance in Guangdong has been so spectacular that it is regarded as a new East Asian ‘Miracle’ and Guangdong is referred to as the ‘Fifth Tiger,’ after South Korea, Taiwan, Hong Kong, and Singapore, in some literature. This paper provides an empirical study on the post‐reform productivity performance of Guangdong. Overall, we find that the productivity growth in Guangdong for the past two decades has been high, and has been increasing over time. More interestingly, we find two significant jumps in productivity growth in 1984 and in 1991. We provide an explanation for our results based on the analysis of the changing political and economic ‘institutions’ due to economic reform in China.
    Original languageEnglish
    Pages (from-to)379 - 387
    Number of pages9
    JournalJournal of Asia Pacific Economy
    Volume3
    Issue number3
    DOIs
    Publication statusPublished - 1998

    Fingerprint

    Productivity
    Guangdong
    China
    Productivity growth
    Jump
    Empirical study
    Economic reform
    South Korea
    Asia
    Economic institutions
    Economic growth
    Economists
    Political institutions
    Hong Kong
    Taiwan
    Singapore

    Keywords

    • economic reform
    • factor productivity
    • capital accumulation

    Cite this

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    Post-Reform Productivity Performance in Guangdong: 1978-1994. / CHEUNG, Kui Yin; FAN, Cheng Ze.

    In: Journal of Asia Pacific Economy, Vol. 3, No. 3, 1998, p. 379 - 387.

    Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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    AU - CHEUNG, Kui Yin

    AU - FAN, Cheng Ze

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    AB - The rapid economic growth in China for the past two decades has recently attracted much attention among economists measuring the post‐reform productivity performance in China. What has been generally ignored in this literature, however, is the heterogeneity of growth performance in different regions in China. In particular, Guangdong province has had a growth rate that is far above the national average. In fact, the growth performance in Guangdong has been so spectacular that it is regarded as a new East Asian ‘Miracle’ and Guangdong is referred to as the ‘Fifth Tiger,’ after South Korea, Taiwan, Hong Kong, and Singapore, in some literature. This paper provides an empirical study on the post‐reform productivity performance of Guangdong. Overall, we find that the productivity growth in Guangdong for the past two decades has been high, and has been increasing over time. More interestingly, we find two significant jumps in productivity growth in 1984 and in 1991. We provide an explanation for our results based on the analysis of the changing political and economic ‘institutions’ due to economic reform in China.

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