A value-added analysis of China's economy
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Author
Qiao, Nika See all items with this value
Chen, Yueyun (Bill) See all items with this value
Date
2026
Volume
20
Issue No.
4
Pages
368-384
ISSN
1751-200X See all items with this value
e-ISSN
1751-2018 See all items with this value
Abstract
Using an econometric model based on the value-added approach for measuring gross domestic product (GDP), this study examines how productivity, economic structure, labour rate, and urbanisation rate affected China's GDP per capita from 1978 to 2023. The regression results indicate that labour rate and industrial productivity contributed the most to China's economic development. Economic structure and urbanisation also significantly impacted China's economic growth. Furthermore, we explore how these variables will impact China's economic growth and GDP per capita in the future. Finally, we discuss relevant strategies and policies for maintaining sustainable and stable economic growth in China.