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The Estimation of 50 Years' GDP in Modern China(1887-1936)

Liu Wei

Abstract: Chinese and western scholars estimated individual year's GDP in Modern China since the 1930s to 1997 with the method of accounting calculation. The estimations of the same year had a gap when compared because of the material used. We have ever estimated the GDPs of 1913-1930 in the theoretical framework of Cobb -Douglass productive function and aggregate supply and demand by use of econometrics inference on the basis of the predecessors' research results. The paper estimates the GDPs in 1888-1912 by use of import function. After that, we have possessed time series GDPs in 1887-1936, among which 41 data we have estimated by use of econometrics method.

Keywords: Modern China; GDP; Estimation Method