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As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a …
Persistent link: https://www.econbiz.de/10010414530
It has been widely recognized that China has had a large pool of surplus labour. However, despite its significant … points. It then applies the framework to China to study the labour absorption process and examines the implications of the …
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Purpose - Poverty alleviation has been a major theme of China's modernization process since the founding of New China …. This paper points out that China's poverty alleviation process presents three stylized facts: "Miraculous" achievements of … poverty alleviation policies is the main cause for poverty alleviation performance. China's empirical evidence can support the …
Persistent link: https://www.econbiz.de/10012873052
The question of whether China has reached the Lewis turning point (LTP) has recently been intensively debated in the … (1961), while it is also closely related to the growing concern of China's growth sustainability. Various empirical … China's LTP. In this paper, we carefully review the approaches applied in the existing studies and revisit the question by …
Persistent link: https://www.econbiz.de/10013051228
Most Kaleckian models assume a perfectly elastic labor supply, an assumption that is questionable for many developed economies. This paper presents simple labor-constrained Kaleckian models and uses these models to compare the implications of financialization under labor-constrained and...
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