This paper decomposes the growth of output in the People's Republic of China from 1956 to 1981 into changes in consumption and investment demand, intermediate input use, and foreign trade. The distribution between consumption and investment fluctuates in response to economic policies while foreign trade dependence has grown over the sample period. Intermediate input consumption, calculated by means of an input-output table, increased after 1965. A comparison with the experience of similar countries is also presented.
ASJC Scopus subject areas
- Economics and Econometrics