Economic Growth and Structural Changes in Employment and Investments in China, 1985–94 |
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Authors: | Aying Liu Shujie Yao and Zongyi Zhang |
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Institution: | (1) Business School, Middlesex University, UK;(2) Business School Department of Economics, the University of Portsmouth, Middlesex University, UK |
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Abstract: | This paper uses a shift-share method to quantify the components of economic growth and structural changes in employment and
investments at both the national and regional levels. The results indicate that rapid economic growth has been characterized
by significant shifts in employment and investments between industries in China. Such structural changes have a distinct regional
pattern which has important policy implications regarding spatial disparities in economic growth and income. The results shed
some important light on the understanding of Deng's development thought that is formalized in this paper as a multi-tier and
multi-stage development strategy for a large developing economy.
This revised version was published online in July 2006 with corrections to the Cover Date. |
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Keywords: | structural change shift-share employment investment China |
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