Figure 11: Productivity growth in East Asia from a similar point of development to China today
TFP growth over next thirty years, average % per annum
0.0%
1.0%
2.0%
3.0%
4.0%
3%
2%
2%
1%
2%
4%
Japan
Taiwan
Korea
China (current)
China (for 5% growth)
China (for 7% growth)
Category 1
Source:
authors’ estimates, using baseline growth accounting model (see appendix)