Comparative Analysis of Capital Productivity in China’s High-Tech Industries

作     者：LingWang AdamSzirmai 

作者机构：Institute of World Economics and PoliticsChinese Academy of Social ScienceChina Eindhoven Centre for Innovation StudiesEindhoventhe Netherlands. 

出 版 物：《China & World Economy》 (中国与世界经济（英文版）)

年 卷 期：2005年第13卷第2期

页      面：93-105页

学科分类：02[经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济] 

主　　题：capital stock productivity high tech industries 

摘      要：While labor productivityis a topicof constant debate and hasbeen studied extensively, far less attention has been devoted to the question of capital productivity. Productive use of physical capital is an important source of economic growth and investment return. This paper presents a comparative study of capital productivity in China’s high-tech industry. Using a version of theperpetualinventory method (PIM), new estimates have been madeof the physical capital stock by sector. Capital productivity in China’s high-tech industry is higherthan intotalmanufacturing,butthegapbetweenthem hasbeen *** with high-tech industries in the US., highlightsthat China’shigh-tech industries could play a moreimportant rolein the growth of manufacturing and the whole economy.