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Trade reform, macroeconomic policy and sectoral labour movement in China

Chang, Jennifer; Tyers, Rod


In developing countries with fixed exchange rate regimes the real depreciations that follow trade reforms and productivity growth shocks require contractionary domestic deflations. In the short run, associated allocative efficiency and productivity gains can be offset by this contraction, slowing the rate at which workers relocate from agriculture to manufacturing and services. This paper documents Chinas overall performance and worker relocation experience since the Asian financial crisis,...[Show more]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper


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