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explain why urbanization did not drive the economy to sustained growth. Our main contribution, validated by an estimated VAR … productivity. The analysis provides a picture of a trapped economy where urbanization was unable to trigger a persistent process of …
Persistent link: https://www.econbiz.de/10010424891
n this paper we determine the main driving forces underlying the structural transformation and urbanization process in … barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … migration cost reduction and skill accumulation. While trade liberalization is important for urbanization during the transition …
Persistent link: https://www.econbiz.de/10011421588
This paper estimates the causal effect of rural-urban migration on urban production in China. We use longitudinal data on manufacturing firms between 2001 and 2006 and exploit exogenous variation in rural-urban migration due to agricultural price shocks. Following a migrant inflow, labor costs...
Persistent link: https://www.econbiz.de/10011955657
In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … between the marginal value products of agriculture and non-agriculture are considerably smaller when measured through wages … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US. …
Persistent link: https://www.econbiz.de/10011309213
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …
Persistent link: https://www.econbiz.de/10011645910
China's growth strategy as set out in the 11th 5-year plan in 2005 called for upgrading of product quality, the development of an innovation society, and reduced reliance on foreign intellectual property with high license fees. Consistent with this policy, China has been involved in recent years...
Persistent link: https://www.econbiz.de/10003807873
Individuals urbanize when the net benefits to urbanization exceed rural living conditions. Body mass, height, and … urban females, and urban females may not have been affected as much as males by urbanization. …
Persistent link: https://www.econbiz.de/10014383762
to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis … period, we find that the degree and nature of regional urbanization and specialization are important drivers of the …
Persistent link: https://www.econbiz.de/10010337597
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10011342399
through accessible data sets. Our predictions include an U-shaped relationship between the well-known measures of urbanization …
Persistent link: https://www.econbiz.de/10011927895