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Frontiers of Economics in China

Front. Econ. China    2016, Vol. 11 Issue (1) : 156-172     DOI: 10.3868/s060-005-016-0010-5
Orginal Article |
China’s Capital Stock Series by Region and Sector
Yanrui Wu()
UWA Business School, University of Western Australia, Perth, WA 6009, Australia
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Abstract

The lack of capital stock statistics for empirical research of the Chinese economy has for a long time been one of the major impediments in the profession. Professor Gregory Chow is one of the pioneers who attempted to deal with this matter. His seminal paper on China’s capital formation and economic growth was published in 1993 (Chow, 1993). Since then many authors have estimated their own capital stock data series. However, most authors have focused on investigations at the national level and their findings are not without controversies. In particular, few studies have provided estimates of capital stock for China’s regional economies. This paper adds to the existing literature in several ways. First, it presents a critical review of the methods and findings in the existing literature. Second, it proposes an alternative approach to estimate China’s capital stock series by region as well as across three economic sectors (agriculture, industry and services). Finally, preliminary analyses of the derived capital stock statistics are conducted to examine growth, disparity and convergence in China’s regional economies.

Keywords capital stock      regional economies      three sectors      China     
Issue Date: 22 March 2016
 Cite this article:   
Yanrui Wu. China’s Capital Stock Series by Region and Sector[J]. Front. Econ. China, 2016, 11(1): 156-172.
 URL:  
http://journal.hep.com.cn/fec/EN/10.3868/s060-005-016-0010-5
http://journal.hep.com.cn/fec/EN/Y2016/V11/I1/156
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