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An Empirical Analysis of China's Dualistic Economic Development: 1965-2009

Ercolani, Marco; Wei, Zheng (Annie)

Description

We analyze China's rapid economic development in the context of the dualistic development theory. Over the period 1965-2009, we find that China's economic growth is mainly attributable to the development of the non-agricultural (industrial and service) sector, driven by rapid labor migration and capital accumulation.We find that the sectoral reallocation of labor plays a significant role in promoting China's economic growth. Further, we find that the marginal productivity of agricultural labor...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
URI: http://hdl.handle.net/1885/35695
Source: Asian Economic Papers
DOI: 10.1162/ASEP_a_00108

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