Comparing China and India: A factor accumulation perspective

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題名:	Comparing China and India: A factor accumulation perspective
作者:	簡錦漢;Kan, Kamhon;Wang, Yong
貢獻者:	管理學院產業經濟研究所
關鍵詞:	Accumulation;Accumulation rate;Capital formation;China;Chinese and Indian economic development;Comparative analysis;Comparative economics;Comparative studies;Economic change;Economic conditions;Economic development;Economic growth;Factor analysis;Function;Growth models;Human capital;India;Normalized CES production function;Panel data;Physical and human capital;Production;Production functions;Public policy
日期:	2013-08-01
上傳時間:	2026-04-23 12:46:44 (UTC+8)
出版者:	Academic Press Inc.;San Diego: Elsevier Inc
摘要:	摘要： ► We compare China and India from factor accumulation perspective. ► China has much higher ratios of physical to human capital than India. ► Government policy is more physical-capital friendly in China than in India. ► We explain the differences within a standard two-factor growth model. ► We estimate a normalized CES production function for both China and India. The remarkable economic transformations in China and India in recent decades have been accompanied by almost equally remarkable different development patterns. For example, the empirical data during 1985–2004 show that, compared with India, China’s economy has exhibited (i) considerably higher rates of physical capital formation; (ii) much higher ratios of measured physical to human capital; and (iii) a more physical-capital-friendly public policy. Motivated by these empirical observations, we study the accumulation of both physical and human capital in a one-sector growth model with a CES production function. After deriving some qualitative implications from the model, we estimate the key technological parameters of the normalized CES production function using the panel data at the provincial level for China and at the state level for India. Our estimation results suggest that our model implications match broadly with the above stylized development patterns regarding China and India. 出版者： San Diego: Elsevier Inc 出版日期： 2013-08-01 出處： Journal of Comparative Economics, 2013-08, Vol.41 (3), p.879-894 版權： 2013 Association for Comparative Economic Studies 版權： Copyright © 2013 Elsevier B.V. All rights reserved. 識別號： ISSN: 0147-5967 識別號： EISSN: 1095-7227 識別號： DOI: 10.1016/j.jce.2013.01.008
顯示於類別:	[產業經濟研究所] 期刊論文

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