China’s Growth: A Brief History
Harvard Business Review
DECEMBER 9, 2015
Some find evidence of a clear improvement of total factor productivity since market-oriented reforms began in 1979, estimating that the increase in TFP contributed about 40% to GDP growth, roughly the same as that contributed by fixed asset investment. Factor accumulation (capital and labour) thus accounts for about 60 to 70% of GDP growth.
8 
Let's personalize your content