Wednesday, 23 July 2008

Measuring China’s Economic Performance

A new paper has been published by Angus Maddison & Harry X. Wu looking at measuring China's economic performance. The paper has come out in World Economics.

This is a rather technical piece but it is worthy of attention.

Measuring China’s Economic Performance Angus Maddison & Harry X. Wu
Volume 9, Number 2, 2008, pages 13 - 44

China is the world’s fastest growing economy and is also the second largest. However, the official estimates of the Chinese National Bureau of Statistics exaggerate GDP growth and need adjustment to conform to international norms as set out in the 1993 System of National Accounts (SNA). This paper presents and discusses the necessary adjustments. The two major contributions are new volume indices for the industrial sector and for "non-material" services. Finally, in order to measure the level of Chinese GDP in internationally comparable terms, the authors use a measure of purchasing power parity (PPP) instead of the exchange rate.

.

2 comments:

Alisha said...

Hi,

I'm Alisha from Wowzio, and I'm excited to tell you about our new widget platform that helps bloggers increase readership by providing engaging widgets containing your blog's rich content. You can check out widgets customized for your blog here:

Wowzio Widgets for your Blog

I wanted to reach out to you to ask for your feedback on these widgets (feel free to install them on your blog, if you feel they are a good fit). I'm sorry for leaving this message via a comment, it's not at all our intent to spam you ( which is why i'm leaving this comment on an older post and you can always remove this comment ). Again, we would love to hear your feedback.

Thanks,
Alisha Wright
alisha.wright1@gmail.com

Anonymous said...

Great article! I am always looking for a story like this because I am also writing my own international trade blog at http://freedommarket.blogspot.com/

Keep doing great works!