The Chinese Output Gap During the Reform Period 1978-2002.

Working paper

We estimate potential GDP for China comparing univariate and multivariate methods and derive a quarterly output gap series. For the multivariate, production function based estimates we employ aggregate data and data on five economic subsectors. We estimate production functions in levels as well as an EqCM specification, which we argue is better suited for identifying the long-run share of capital and labour in production. Our output gap estimates improve on earlier work which has so far been ...

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Authors: Scheibe, J

• Publisher: Department of Economics (University of Oxford)
• Series: Discussion paper series
• Publication date: 2003-01-01
• Language: English