经济学院2017年第四十二次学术研讨会

——宏观经济学系列学术研讨会（九）

主讲人:廖俊敏数理经济与金融系助理教授

单位：武汉大学经济与管理学院

题目:Structural Transformation and Aggregate Productivity in China

时间:2017年11月9日（周四）晚上19:00

地点:经济学院402会议室

经济学院

2017年11月1日

Abstract：We compare three prevailing theories about sectoral transformation in fitting China's data, and find that the non-homothetic constant elasticity of substitution preference (non-homothetic CES) which is easy to estimate and allows for considering the income effect and price effect in the long-run, can fit the data very well. Then we use the non-homothetic CES model to investigate the role of sectoral labor productivity in explaining the process of structural transformation and the time path of aggregate productivity across provinces in China. The implications of the sectoral productivity patterns generated by the model are broadly consistent with the cross-province data, which provide insights for China's economic transition.