Yan Wang|Yu?Dong Yao
Sources of China's economic growth 1952–1999: incorporating human capital accumulation
World Bank|World Bank
chinas economic growth remarkable since reform started 1978 ongoing debate whether performance driven mainly productivity growth factor accumulation past studies taken human capital account thus contained omission bias paper construct measure chinas human capital stock 19521999 employ growth accounting exercise find first china accumulation human capital quite rapid contributed significantly growth welfare second incorporating human capital growth total factor productivity tfp still played positive role gdp growth reform period negative prereform period results robust changes labor shares gdp depreciation rates implication high priority given human capital accumulation productivity growth china sustain growth welfare improvement next decade