We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.

Durham e-Theses
You are in:

An Analysis of the Determinants of Total Factor Productivity in China

TOCCO, CLAUDIO (2015) An Analysis of the Determinants of Total Factor Productivity in China. Doctoral thesis, Durham University.

PDF - Accepted Version


In this study, I analyse total factor productivity (TFP) and its determinants in Chinese industrial firms. The results from the system-GMM estimation indicate the existence of increasing returns to scale and a positive impact on firms’ TFP arising from technological change. Moreover, the following factors were found to be determinants of higher TFP levels in most industries: lack of political affiliation, paid-in capital share owned by investors other than the State, Marshallian and Jacobian spillovers, age, marketing capabilities, internal liquidity and industrial competition. The results from the TFP growth decomposition indicate an annual average TFP growth of 9.68% across Chinese industrial firms during the period of 1998-2007. This was largely determined by the reallocation of resources across existing firms. From a policymaking perspective, measures targeting the previously mentioned determinants are likely to spur firms’ TFP and consequently drive national long-run economic growth.

Item Type:Thesis (Doctoral)
Award:Doctor of Philosophy
Keywords:China, total factor productivity, TFP, economic growth, economic policy, firm-level
Faculty and Department:Faculty of Social Sciences and Health > Economics, Finance and Business, School of
Thesis Date:2015
Copyright:Copyright of this thesis is held by the author
Deposited On:14 Dec 2015 09:48

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitter