Dekle, Robert; Vandenbroucke, Guillaume - In: Journal of Economic Dynamics and Control 36 (2012) 1, pp. 119-135
The structural transformation of China – or the reallocation of resources from the agricultural sector to the nonagricultural sector – between 1978 and 2003 was truly remarkable. We develop a two-sector neoclassical growth model to quantitatively assess the driving forces of China's recent...