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The Chinese economy: growth, transition and production
Štursa, Zbyněk ; Benáček, Vladimír (advisor) ; Soudek, Jan (referee)
This bachelor thesis explored roots of Chinese human capital, which was very high (relative to other developing countries with similar GDP per capita) at the beginning of the Chinese market transition in 1978. It also explored a political, social and economic environment during reforms in which human capital was able to transform into labour productivity. The thesis also focused on obtaining figures of the Chinese Total Factor Productivity for years 1962 - 2014 and their analysis. High Chinese human capital has origin in era of Traditional China, when China adopted a large sense for entrepreneurism and business, and in Mao Zedong's period, which brought a functioning system of health care and education for middle and lower classes. A relative political stability, a turning to the familiar economic structure and "dual-track" strategy was very important for a transformation of human capital into labour productivity. My analysis of the Total Factor Productivity (the TFP) showed that the TFP in 2014 was higher by 45% than in 1977. Keywords labour productivity, total factor productivity, human capital, China, market transition, economic reforms and stability Author's e-mail: stursa16@gmail.com Supervisor's e-mail: vladimir.benacek@fsv.cuni.cz
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