GDP = + + SNA

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1 许宪春 GDP GDP

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4 SNA European Commission, International Monetary Fund, Organization for Economic Co-operation and Development, United Nations and World Bank, System of National Accounts, 008,New York: United Nations, 009, p

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10 United Nations, Canberra Group Handbook on Household Income Statistics, nd ed. New York and Geneva: United Nations, 0, p. 3. 3

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22 Social Sciences in China No. A monthly February 03 ABSTRACTS Accurately Understanding the Income, Consumption and Investment in China Xu Xianchun 4 This study examines the differences between the residents disposable income in the fund flow statement and that in the household survey, between the residents consumption in expenditure-based GDP and that in the household survey, and between the gross fixed capital formation in expenditure-based GDP and the total investment in fixed assets in statistics, in terms of basic concepts, use, scope, source of materials, computational methods and data presentation. Our study reveals that the data on residents income and consumption in the household survey have been undervalued, whereas the data on total investment in fixed assets in statistics have been overvalued. However, they have not immediately affected the accurate assessment of great economic structures such as the distribution structure of Chinese people s disposable income among residents, enterprises and the government, and the final demand structure. Internal Motives and the Specialization Status of Under-developed Countries: Evidence from China s High-Tech Industry Yang Gaoju and Huang Xianhai 5 This study incorporates value added ratio and productivity into the analytical framework of intra-product specialization as a globally comparable index for international specialization status, to analyze the effects of domestic technological innovation, labor force investment, capital investment and FDI spillovers on the international specialization status of the industries of developing countries. It also tests empirically the effects against the data from Chinese high-tech industry and enterprises. The results show that domestic technological innovation and the improved coordination of material capital and human capital are key internal motives for the improvement of the international specialization status of Chinese high-tech industry, whereas FDI spillovers play a relatively limited role therein. Therefore, the key to China s industrial upgrading is to tap and nurture the internal motives rather than to rely on FDI spillovers. 04

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