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Published byRalph Pitts Modified over 8 years ago
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China KLEMS Database —— The 2 nd Asia KLEMS Database Management workshop Ren Ruoen Sun Linlin Fan Maoqing Zheng Haitao Li xiaoqin.
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China Klems Database The economy is divided into 33 sectors. Input-Output time series ( Output index, intermediate input index, energy input index, input compensation share). Capital input index Labor input index TFP growth rate 2
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Industrial Classification 01 Agriculture18 Fabricated metal 02 Coal mining19 Machinery, non-elect 03 Metal and non-metallic mining20 Electrical machinery 04 Oil and gas extraction21 Motor vehicles 05 Construction22 Transportation equipment & ordnance 06 Food and kindred products23 Instruments 07 Textile mill products24 Rubber and misc plastics 08 Apparel25 Misc. manufacturing 09 Lumber and wood26 Transportation 10 Furniture and fixtures27 Communications 11 Paper and allied28 Electric utilities 12 Printing, publishing and allied29 Gas utilities 13 Chemicals30 Trade 14 Petroleum and coal products31 Finance Insurance and Real Estate 15 Leather32 Other private service 16 Stone, clay, glass33 Public service 17 Primary metal 3
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Input Output Series The NBS used the Material Product System (MPS) before 1987. Transformed to the System of National Accounts (SNA) after 1987. 4
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Data source for IO table Gross output, value-added & its components by industry (labor compensation, taxes, depreciation, operating surplus), and all the underlying supporting materials; Final use by industry (household & government consumption, fixed capital formation, inventory, exports & imports), and all the underlying supporting materials; 1981 MPS IOT; 1987, 1992, 1997, 2002,2007 benchmark IOTs; 1990, 1995, 2000, 2005, 2010extended IOTs; Price indies by industry and all the underlying supporting materials; Financial virtual consumption and trade adjustments materials; 5
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Input-Output Time Series Have finished the Input-output time series for 1981-2005, Now updating the Input-Output time series for 1981-2012. Constructed current value benchmark I-O tables (1981,1987, 1992, 1997,2002,2007) including A tables and U tables Consistent with the coverage and definitions of the 1997 I-O table and scaled to the latest GDP series 1990, 1995, 2000, 2005,2010 extended IOTs Constructed the current value U tables based on the benchmark tables Constructed the price index for each sector. Constructed the real value U tables based on the current value U tables and price indices 6
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Output index. Intermediate input index, as a Divisia index of all the components. Energy input index, comes from coal mining, oil and gas extraction, Petroleum and coal products, electricity utilities and gas. 7
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Capital Input Index Estimated the capital stock Estimated the capital rental price with the help of the property compensation from the input- output series Aggregation of capital services over different asset types with the weight of capital rental price 8
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Capital Stock estimation with the Perpetual Inventory Method with the geometrically declining pattern, classified by asset type – structure, equipment, computer, communication equipment, software. We adjust the “fixed asset investment” to “gross capital formation” of each industry. Aggregate ICT investment data estimated from the sales value of ICT sector and net exports data of ICT. The ICT investment proportion of different sector comes from the census data. 9
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Capital Stock estimation Asset price index comes from the NBS, the IO table series. Depreciation rate is based on the geometrically decline model, estimated base on the asset life assumption. We estimate the land capital stock for agriculture. 10
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Capital Rental Price The capital rental price involves rates of return, depreciation, and capital gain for each of asset. Data on asset prices and rates of depreciation for all assets are required for the PIM. 11
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Rate of Return The rate of return is estimated from the internal rate of return with the capital compensation from the IO time series. We consider the self-employed compensation problem during the internal rate of return estimation. 12
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Capital data progress Capital Stock data Updated to 2012. The capital rental price now available to 2005. Can update the capital input index to 2012, only after the IO table time series finish 13
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Labor Input Index Labor input is a divisia aggregate over workers distinguished by sex, age and education attainment using wages as weights. Sex: male, female Educational attainment: 1 illiterate, 2 elementary school, 3 junior high school, 4 senior high school, 5 college. Age: 15-19, 20-24, 25-29, 30-39, 40-49, 50-54, 55+ 14
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Labor input index Number of workers for benchmark is based on the Population Cencuses(1982,1990,2000, 2010), and Sample Population Surveys(1987,1995,2005). Number of workers of other years is estimated from the Labor Force of Society ( prior to 1990), the annual Population Change Surveys (since 1990). Hours data is from the 1995 Sample Population Survey, and incorporate the changes in institutional arrangement. Relative costs of different workers using the Chinese Household Income Project (CHIP) Surveys. Sum of different categories of workers is equal to the labor compensation of IO table for each industry. 15
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Labor Data Progress Numbers of labor workers, update to the 2012. Also collect the labor compensation data available. Can update the labor input index to 2012, only after the IO table time series finish 16
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Values(at current price) Gross output Intermediate inputs Intermediate energy inputs Intermediate material inputs Intermediate service inputs Gross value added at current basic prices Compensation of employees Gross operating surplus Other taxes minus subsidies on production Number of employees Total hours worked by employees (millions) 17
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Volumes GO_QI Gross output, volume indices II_QI Intermediate inputs, volume indices IIE_QI Intermediate energy inputs, volume indices IIM_QI Intermediate material inputs, volume indices VA_QI Gross value added, volume indices 18
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Growth accounting LAB Labour compensation CAP Capital compensation LAB_QI Labour services, CAP_QI Capital services, Growth rate of value added volume (% per year) 19
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Growth accounting VAConH Contribution of hours worked to value added growth (percentage points) VAConLC Contribution of labour composition change to value added growth (percentage points) VAConK Contribution of Capital to value added growth (percentage points) VAConKIT Contribution of ICT capital services to value added growth (percentage points) VAConTFP Contribution of TFP to value added growth (percentage points) TFPva_I TFP (value added based) growth, 20
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Additional variables CAPIT ICT capital compensation (share in total capital compensation)* CAPNIT Non-ICT capital compensation (share in total capital compensation)* CAPIT_QI ICT capital services, volume indices CAPNIT_QI Non-ICT capital services Labour services per hour worked, 2005 reference H_M Hours worked by male persons engaged (share in total hours) H_F Hours worked by female persons engaged (share in total hours) 21
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Thank you very much 22
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