Prospect of the China‘s Potential Total Factor Productivity——A Perspective of History and Institutional Reform
Zhang Yanqun1,Zhang Liyuan2
1.Institute of Quantitative and Technical Economics,Chinese Academy of Social Sciences,Beijing 100732,China;
2.Graduate School of Chinese Academy of Social Sciences,Beijing 102488,China
Abstract：This paper aims at making prospect of China‘s potential Total Factor Productivity(TFP)from the perspective of history and institutional reform.It first reviewed the development of China‘s TFP,its driving force,and the contribution to the economic growth in the last decades.And then it came to the conclusion that the previous drivers have decreased or faded.It analyzed the existing institutional barriers and imperfectness which hindered the TFP growth,and indicated that further institutional reform would provide new drivers.The policies and strategies carried out for fostering the TFP growth were documented.The challenges and uncertainty that the polices faced were discussed.By means of comparing the development of China‘s TFP with that of Japan and South Korea,we reach conclusion that China‘s TFP is still at low level,and has big potential to growth.The strengthening investment in R&D and human capital will provide solid foundation for China‘s TFP growth
张延群,张沥元. 中国全要素生产率增长潜力分析——从历史和改革的视角[J]. 中国科技论坛, 2017(11): 45-46.
Zhang Yanqun,Zhang Liyuan. Prospect of the China‘s Potential Total Factor Productivity——A Perspective of History and Institutional Reform. , 2017(11): 45-46.
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