000			02680cam a22003497 4500
001			w15152
003			NBER
005			20211020111440.0
006			m o d
007			cr cnu||||||||
008			210910s2009 mau fo 000 0 eng d
100	1		_aBrandt, Loren. _96760
245	1	0	_aCreative Accounting or Creative Destruction? Firm-level Productivity Growth in Chinese Manufacturing / _cLoren Brandt, Johannes Van Biesebroeck, Yifan Zhang.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2009.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w15152
500			_aJuly 2009.
520	3		_aWe present the first comprehensive set of firm-level total factor productivity estimates for China's manufacturing sector that spans her entry into WTO. We find that productivity growth is among the highest compared to other countries. For our preferred estimate, the weighted average annual productivity growth for incumbents is 2.7% for a gross output production function and 7.7% for a value added production function over the period 1998-2006. Of the various sensitivity checks we carry out, controlling for the increase in labor quality and labor hours, as proxied by the rising real wage, has the largest (downward) effect on the productivity estimates. We further document that new entrants are a particularly dynamic force and that firms experience large productivity declines before exiting from the sample. Overall, net entry contributes roughly half to total TFP growth. Aggregate productivity growth, however, is tempered by a much lower effect of reallocation of inputs towards higher productivity firms, compared to the U.S. benchmark.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aD24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity _2Journal of Economic Literature class.
690		7	_aO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology _2Journal of Economic Literature class.
700	1		_aVan Biesebroeck, Johannes. _922150
700	1		_aZhang, Yifan.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w15152.
856	4	0	_uhttps://www.nber.org/papers/w15152
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w15152
942			_2ddc _cW-PAPER
999			_c332970 _d291532