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Background: The shrinkage of working age population at ages between 15 and 59 after 2010 will end the era of the high-speed economic growth in China. This paper is intended to explore the ways of tackling this slowdown. Methods: By revealing annual growth rate of potential output to drop to 7.2...
Persistent link: https://www.econbiz.de/10011417569
As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a constant increase in wages, its labor market shows both features of the dual economy and neoclassical growth. This paper first depicts the trend of population as a root cause of the...
Persistent link: https://www.econbiz.de/10010414530