The Return to Capital in China

By Chong Bai, Chang-tai Hsieh, Yingyi Qian. 2006

506 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/019cc1498c96030b48177a8af0375fd35502fc21

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Rise of China and the global overaccumulation crisis (2008, result): “Bai et al. (2006), though observing a decline in profit rate, argue that China’s profit rate is strong in comparison with other major economies.”
A Forensic Examination of China's National Accounts (2019, methodology): “25 The solid line uses the official data and replicates the earlier estimates in Bai et al. (2006) and the more recent ones in Bai and Zhang (2015).”
The Political Economy of Development in China and Vietnam (2014, background): “…to attain eligibility for public health and education, the hukou system (ho khau in Vietnamese) limited labor mobility to experimenting provinces, although the policies were always imperfectly enforced and have been relaxed over time (Young 2000, Gordon & Li 2003, Naughton 2003, Bai et al. 2006).”
Demographic Patterns and Household Saving in China (2015, unknown): “In Column (2), we omit families that have children living at home that are older than 19.”
The Sources of Capital Misallocation (2019, unknown): “20 For China, we set a higher capital share, namely, α ˆ 1 = α ˆ 2 = 0.5 , in line with evidence from a number of recent papers, for example, Bai, Hsieh, and Qian ( 2006 ) .”
Vehicle Ownership Analysis Based on GDP per Capita in China: 1963–2050 (2014, background): “Furthermore, China’s National Bureau of Statistics (NBS) has revised its estimates of nominal GDP from 1978 to 2004 on the basis of nationwide economic censuses in 2004 [36].”
China's Current Account and Exchange Rate (2009, unknown): “This capital stock measure was calculated by Bai, Hsieh, and Qian (2006).”
Estimation of China's provincial capital stock (1952–2004) with applications (2008, methodology): “Another use of our new estimates for provincial capital stock series is referenced in a recent paper on return to capital in China by Bai et al. (2006).”
China's Infrastructure Investment Boom and Local Debt Crisis (2011, background): “Trying to estimate the return to capital using a different approach, Bai et al. (2006) had to overcome a whole host of data problems. In any event, the aforementioned studies do not specifically target infrastructure investment. Among the ones that specifically measure productivity of infrastructure”
Why Does Misallocation Persist (2010, background): “Anthony Swan (2008), using a different series for the prices of capital goods, finds substantially higher estimates for developing countries, but even his estimates are much lower than many of the firm level estimates for the marginal product of capital.”
Agricultural productivity, structural change, and economic growth in post-reform China (2013, unknown): “Second, Chinese physical and human capital accumulation have proceeded at rapid rates with apparently little change in the rates of return to these investments; see, e.g., Bai et al. (2006), Li et al. (2009), Song et al. (2011), and Whalley and Zhao (2010).”
The chinese saving rate: Long-term care risks, family insurance, and demographics (2018, unknown): “While the Chinese government initiated a transition to a public pension system in the early 1990s, institutional care for long-term care needs is almost nonexistent.(1) According to Gu and Vlosky (2008), 80% of long-term care services and more than 50% of the costs in China in 2005 were paid by fami”
FDI and Credit Constraints: Firm Level Evidence in China (2009, unknown): “8 Bai et al. (2006) somewhat moderate this conclusion.”