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As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a …
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rapid economic growth in China. An agent-based model was proposed for studying the Lewis turning point and labor resource … traditional development economics theory in which only an individual’s behavior is considered. How peasant households allocate …
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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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