| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12755 |
| 来源ID | Working Paper 12755 |
| The Return to Capital in China | |
| Chong-En Bai; Chang-Tai Hsieh; Yingyi Qian | |
| 发表日期 | 2006-12-08 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and has become flat at roughly 20% since 1998. This evidence suggests that the aggregate return to capital in China does not appear to be significantly lower than the return to capital in the rest of the world. We also find that the standard deviation of the rate of return to capital across Chinese provinces has fallen since 1978. |
| 主题 | Macroeconomics ; Consumption and Investment ; Development and Growth ; Development ; Country Studies |
| URL | https://www.nber.org/papers/w12755 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570417 |
| 推荐引用方式 GB/T 7714 | Chong-En Bai,Chang-Tai Hsieh,Yingyi Qian. The Return to Capital in China. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12755.pdf（292KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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