Will Chinese growth slow after the Lewis turning point?
The paper argues that China's economic growth will not necessarily slow after China reaches the Lewis turning point (LTP) when wages and subsequently costs of production, as a result of the exhaustion of the unlimited supplies of labor from rural areas, are increasing. Reaching the turning point leads to significant structural change signifying that China enters a new phase of development in which those endogenously determined factors such as human capital, innovation, R&D expenditure and...[Show more]
|Collections||ANU Research Publications|
|Source:||China Economic Journal|
|01_Song_Will_Chinese_growth_slow_after_2010.pdf||2 MB||Adobe PDF||Request a copy|
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