Labor scarcity and the turning point in the Chinese rural sectors: empirical evidences from a frontier production function study
Akira Era and
Shota Moriwaki
China Economic Journal, 2013, vol. 6, issue 1, 21-45
Abstract:
The purpose of this study is to examine whether overemployment has existed in the Chinese agricultural sector since 2000. The moment when overemployment ceases to exist is called the ‘turning point.’ After the turning point, an economy would be classified as entering the developed stage. Since the later half of the 2000s, many studies have analyzed the turning point of the Chinese economy. However, these studies have not reached a consensus as to the existence of overemployment. Varieties of data sources for the empirical studies have affected the discrepancies of these results. This study uses the flow data (e.g., the days of work and the daily wage) rather than stock. From our estimation results, we confirm that the Chinese agricultural sector has been increasing its production efficiency. In addition, our study indicates that overemployment is decreasing in almost all provinces and some regions have achieved a turning point.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rcejxx:v:6:y:2013:i:1:p:21-45
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DOI: 10.1080/17538963.2013.831229
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