YAO, Yang; YU, Miaojie - In: The Journal of Comparative Economic Studies (JCES) 5 (2009) December, pp. 61-78
In this paper, we argue that the export-oriented growth model in China is an unavoidable choice for China given its demographics and low level of urbanisation. The low dependency ratio and low urbanisation rate jointly determine a large amount of supply of labour and the slow growth of labour...