Technological progress drives economic growth in Jiangsu Province, but faces decline.
The study analyzed economic growth in Jiangsu Province from 1978 to 2008. They found that while overall technology efficiency did not improve, technological progress boosted total-factor productivity (TFP) until 2000. However, TFP declined after 2000 due to slower technical progress. Productivity growth varied across regions, with South Jiangsu showing the highest annual growth at 5.2%, followed by the middle of Jiangsu at 1.2%, and North Jiangsu at -0.04%.