Skepticism about Chinese GDP growth - the Chinese GDP elasticity of energy consumption

Article Abstract:

The quantitative relationship between energy consumption and GDP in China, in eight other Asian nations and in the US is examined to evaluate the growth of China's real GDP. Results reveal a much lower GDP elasticity of energy consumption in China than in other East Asian countries and in the US. When Chinese real economic growth was reassessed based on the average GDP electricity of energy consumption in East Asian nations, it was found that the reassessed Chinese GDP growth is much lower than officially announced.

Research, China, Gross domestic product, Energy consumption, Elasticity (Economics)

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Capital stock depreciation, tax rules, and composition of aggregate investment

Article Abstract:

Analysis of annual capital stock data and its dynamic correlations with corresponding capital investment series reveals major variations in the three depreciation rate series, consumer durable goods, producer durable goods and equipment and nonresidential business structures. Overall increase in the implied depreciation rate in the past two decades is attributed mainly to the technological advances in computers and computerized equipment.

Analysis, Accelerated depreciation

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Social overhead capital stock estimation and stock increase effects on productivity in Korea

Article Abstract:

Rapid income growth and urbanization are attributed for the increase in the overhead capital stocks in the transportation, water supply, sewage and environment sectors in Korea in the 1980s. An overall increase in the social overhead capital stocks has had a positive influence on total factor productivity change in the service and manufacturing industries in the nation.

Korea

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