TY - JOUR
T1 - China's reform period economic growth
T2 - Now reliable are Angus Maddison's estimates?
AU - Holz, Carsten A.
PY - 2006/3
Y1 - 2006/3
N2 - Chinese economic growth statistics are controversial. In recent years they have been challenged on technical grounds as well as on suspicions of data falsification. Angus Maddison in a 1998 OECD study goes further in that he questions China's long-run growth statistics and proceeds to provide an alternative time series. His average annual real GDP growth rate for China in the reform period (1978 through 1995) is 2.39 percentage points below the official one. Angus Maddison's revisions were subsequently incorporated into the Penn World Tables; his GDP estimates for China, thus, have found their way into numerous cross-country studies. This paper critically examines the validity of Angus Maddison's revisions to official data.
AB - Chinese economic growth statistics are controversial. In recent years they have been challenged on technical grounds as well as on suspicions of data falsification. Angus Maddison in a 1998 OECD study goes further in that he questions China's long-run growth statistics and proceeds to provide an alternative time series. His average annual real GDP growth rate for China in the reform period (1978 through 1995) is 2.39 percentage points below the official one. Angus Maddison's revisions were subsequently incorporated into the Penn World Tables; his GDP estimates for China, thus, have found their way into numerous cross-country studies. This paper critically examines the validity of Angus Maddison's revisions to official data.
UR - https://openalex.org/W2164446496
UR - https://www.scopus.com/pages/publications/33644672352
U2 - 10.1111/j.1475-4991.2006.00177.x
DO - 10.1111/j.1475-4991.2006.00177.x
M3 - Review article
SN - 0034-6586
VL - 52
SP - 85
EP - 119
JO - Review of Income and Wealth
JF - Review of Income and Wealth
IS - 1
ER -
