L04-通货膨胀(2)中国(1).ppt

通货膨胀（2）中国 王 飞 国际经济贸易学院 Industrial Productivity and Cost of Chinese Economy: An Analysis ofInflation Using 1987, 1992 and 1997 Input-Output Tables WANG Fei, GUO Songhong EZAKI Mitsuo 1.Chinese Economy China achieved great progress after implementing a policy of reform and opening but also encountered many problems. Inflation, which has occurred repeatedly, unemployment and the reform of economic structure and system This paper analyzes cost structure (inflation), total factor productivity (TFP), and their relations by industry in China for the period 1987-1997 using 1987, 1992 and 1997 input-output tables. And comment the policy of macro-control 2. the inflation in China high inflation: 1988, 1992 and 2003 the inflation in China was essentially due to the insufficient supply of goods. the price reform. the objective of price reform was to improve the efficiency of resource allocation and finally to improve the efficiency of Chinese economy by establishing a rationalized price system. In1992, when Deng Xiaoping toured south China, and China began to establish a system of “socialist market economy.” planning -1992- market 3. Methodology (1) Estimation of capital stocks Young (1994). we developed and applied some new ways for adjustment. 3. Methodology (2) Analysis of cost structure by sector 3. Methodology (2) The TFP growth rate is defined as the weighted sum of the reduction rates of intermediate input coefficients, labor input coefficients and capital input coefficients with their input shares as weights. 4. Data base 1987, 1992, and 1997 IO tables with 30 sectors both in current and constant price. 1987, 1992 IO tables in constant prices from Li Qiang and Xue Tiandong (1998) . We estimated 1997 IO table in constant prices. the number of labors and investment were based on the statistic data listed in the references. 5. The growth rate of prices by sectors 5. The growth rate of prices by sectors Group 1 is a collection of sectors with growth ra