I fattori chiave della recente crescita economica in Cina: uno Studio a Livello Regionale

The aim of this paper is to analyse the main factors that have affected the economic growth of Chinese provinces during the period 2002-2006, exploring the impact of reforms in different periods. The production function approach focuses on human capital, “space-serving” infrastructure and institutional changes. Ad hoc indices are elaborated and provincial capital stocks estimated. The empirical results indicate the positive role of capital stock, human capital and physical infrastructure and underline that institutional changes affected the level of aggregate output. The policy implications suggest redistribution to the poorest provinces and investing in human capital and infrastructure, in order to overcome supply bottlenecks and attract local and foreign investment.