Are there industrial and agricultural convergence clubs in China?

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dc.contributor Bank of Finland Pääkkönen, Jenni 2014-09-22T08:00:32Z 2014-09-22T08:00:32Z 2009
dc.identifier.isbn 978-952-462-985-0
dc.identifier.issn 1456-5889
dc.description Ilmestynyt myös Journal of Chinese Economic and Business Studies 10 ; 1 ; 2012.
dc.description.abstract This paper discusses growth differentials of Chinese provinces geared to agricultural activities and those focusing on industrial production over three decades of economic reform. Following trade theory and endogenous growth theory, we suggest that the fundamental differences between regions arise from their resource allocations at the start of reforms. Thus, capital-abundant regions have tended to specialize in industrial production, while the labor-abundant regions have concentrated on labor-intensive pro- duction (agriculture). Many of China.s agricultural provinces suffer from oversupplies of labor, which has led large numbers of people to migrate within the country to work in non-farming sectors of economy. We show that provinces with high shares of industrial production (the industrial club) have converged, and that agricultural provinces shifting to industrial production have been catching up to initially industrialized provinces. Provinces that have stayed with an agricultural strategy (the agricultural club) show no evidence of convergence and appear to have been left behind in terms of economic development. JEL Classi.cation: O17, O40, O57. Keywords: Growth, Agriculture, Convergence.
dc.format.extent 28 s.
dc.language.iso eng
dc.subject Kiina
dc.subject teollisuus
dc.subject maatalous
dc.subject lähentyminen
dc.subject alueet
dc.subject talouskasvu
dc.subject työvoima
dc.subject talousuudistus
dc.subject tulot
dc.subject mallit
dc.subject SP
dc.subject RP
dc.subject RP ST
dc.subject Bofit-kokoelma
dc.title Are there industrial and agricultural convergence clubs in China?
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-201408071899
dc.subject.jel O17
dc.subject.jel O40
dc.subject.jel O57 BOFIT Discussion Papers
dc.series.year 2009
dc.series.number 15/2009
dc.series.sortingnumber 15 5.10.2009
dc.identifier.doi 10.1080/14765284.2012.638458
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.description.publication Published in Journal of Chinese Economic and Business Studies, Volume 10, Issue 1, February 2012, Pages 1-13

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