Total Factor Productivity of Chinese Manufacturing Firms:New Findings Based on New Data and New Method
Using National Tax Survey Database(2007-2015),we estimate the production function of Chinese manufacturing firms and calculates their total factor productivity(TFP).The new findings are as follows.(1)TFP is higher in central China and lower in western China;TFP shows divergence in eastern and northeastern China.(2)TFP shows slower growth after the financial crisis,and its slower growth trend continues.(3)Technical progress contributes the most to TFP growth,while the contribution of re-source reallocation follows a V-shaped pattern.This study helps understand the new stylized facts of TFP after the financial crisis,and has important policy implications.
total factor productivityover-capacityenergy consumption
万方数据
维普
