The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2007, June. Volume: 4 - Issue: 1

Growth Prospects in China and India Compared

by Richard Herd ; Sean Dougherty

Start page: 65 - End page: 89

Keywords: Growth accounting; potential growth; capital measurement; demographics; China; India

Jel code: E20; O11; O47; P52

DOI:

Abstract:

This paper compares the growth prospects of China and India through a growth accounting analysis. Consistent time series for capital stock and employment are constructed using available survey data, and recent revisions to the national accounts for both countries are incorporated. The results allow for a discussion of the sources of growth in both countries, and a consideration of each country's rate of potential growth in light of the outlook for national savings, as demographic shifts occur in each country

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