China:%20How%20rapid%20a%20convergence?

1
China How rapid a convergence?

• PRESENTATION to the Growth Forum
• By Richard Herd
• Head Asian non-members unit
• OECD Economics Department
• January 2006

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Past experience relative to the US
Chinese per capita income relative to US, 1978
100
3
Capital stock convergence has been rapid
Growth of capital per worker, measured over a
decadeChina and United States
4
Educational convergence underway
Proportion of age group receiving given education
level
Source Ministry of Education
5
Industrial structure converges
Sectoral employment as of total
Agriculture
Services and construction
Manufacturing
Source China Statistical Yearbook
6
TFP improves but is not converging yet
Source Motohashi (2005)