Deflating China's nominal GDP: 2004–2018

Pingyao Lai (First Author), Tian Zhu (Participant Author)

科研成果: 期刊稿件期刊论文

1 引用 (Web of Science)
117 下载量 (Pure)

摘要

This paper is a preliminary attempt to use both the value added approach with double deflation and the expenditure approach to deflate China's nominal GDP over 15 years (2004-2018). The results show that China's real GDP growth during the period has significantly more fluctuations than the official statistics indicate. Additionally, inflation, as measured by the official implicit GDP deflator, is generally overestimated during boom years but underestimated during downturn years. In particular, it is shown that China's growth slowdown in recent years before the COVID19 pandemic may have been more severe than official figures suggest.
源语言英语
期刊China Economic Review
71
DOI
已出版 - 2月 2022

Corresponding author email

ztian@ceibs.edu

Project sponsor

Other

Project name

China Europe International Business School

关键词

  • Chinese statistics
  • GDP deflator
  • GDP growth

成果物的来源

  • ABDC-A
  • SSCI
  • Scopus

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