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| Li, Kui-Wai. |
| This paper constructs China's capital stock, which is used in conjunction with a labor variable to estimate a Cobb-Douglas production function for the Chinese economy. Two panels of data are used one for capital formation and one for sources of investment finance. Both national and provincial data are used for these two panels, thus giving a total of four capital-stock series. The Cobb-Douglas estimates show that China's total factor productivity was about 3.4 percent in the post-reform years. Productivity of coastal provinces is higher than inner provinces. Among the various sources of investment finance, foreign direct investment is more efficient than state-funded capital stock. |
| Tipo: Working or Discussion Paper |
Palavras-chave: China economic reform; Provincial growth and productivity; Financial resources; Financial Economics; O47. |
| Ano: 2003 |
URL: http://purl.umn.edu/28469 |
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| Bender, Siegfried; Li, Kui-Wai. |
| Changes in comparative advantage should reflect changes in factor endowment, but increasingly, changes in trade policies also affect a regions trade performance. Based on the arguments in Balassas stages of comparative advantage thesis, this paper looks at the performance of manufacture exports in a number of Asian and Latin American economies over the period 1981-1997 and examines the revealed comparative advantage indices between economies in East Asia, Southeast Asia and Latin America. Although the RCA measurement may not distinguish between the factor endowment effects from the trade policy effect, we argue that RCA measures provide indication on the movement in a regions comparative advantage. The evidence strongly suggests that despite the strong... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International trade; Revealed comparative advantage; Manufacture exports; International Relations/Trade; F14. |
| Ano: 2002 |
URL: http://purl.umn.edu/28478 |
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