Will Chinese growth slow after the Lewis turning point?

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dc.contributor.authorSong, Ligang
dc.contributor.authorZhang, Yongsheng
dc.date.accessioned2015-12-07T22:33:30Z
dc.date.issued2010
dc.date.updated2016-02-24T10:36:31Z
dc.description.abstractThe 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 technological progress begin to play more important roles than contributions made simply by inputs of physical capital, labor and resources in enhancing economic growth. To achieve the continual growth, certain conditions are needed in the transition toward and beyond the turning point including among others the institutional reform which enables China to further transform itself in order to embrace a new mode of economic growth driven predominantly by efficient, sustainable and equitable considerations.
dc.identifier.issn1753-8963
dc.identifier.urihttp://hdl.handle.net/1885/23301
dc.publisherRoutledge, Taylor & Francis Group
dc.sourceChina Economic Journal
dc.subjectKeywords: Endogenous growth; Institutional reform; Lewis turning point (LTP)
dc.titleWill Chinese growth slow after the Lewis turning point?
dc.typeJournal article
local.bibliographicCitation.issue2
local.bibliographicCitation.lastpage219
local.bibliographicCitation.startpage209
local.contributor.affiliationSong, Ligang, College of Asia and the Pacific, ANU
local.contributor.affiliationZhang, Yongsheng, Development Research Centre of China
local.contributor.authoremailu8902443@anu.edu.au
local.contributor.authoruidSong, Ligang, u8902443
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.absfor140214 - Public Economics- Publically Provided Goods
local.identifier.absseo910103 - Economic Growth
local.identifier.ariespublicationu4111581xPUB26
local.identifier.citationvolume3
local.identifier.doi10.1080/17538963.2010.511926
local.identifier.scopusID2-s2.0-79960906053
local.identifier.uidSubmittedByu4111581
local.type.statusPublished Version

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