China’s Industrialization Viewed from the Lewis Growth Model

Nazrul Islam and Kazuhiko Yokota
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Nazrul Islam: United Nations
Kazuhiko Yokota: Study of East Asian Development (ICSEAD)

Chapter 5 in Resurgent China, 2009, pp 123-148 from Palgrave Macmillan

Abstract: Abstract This chapter examines China’s industrialization in the light of the Lewis growth model. Even casual observation suggests that the Chinese economy has many of the features that the Lewis model tries to capture. Yet, while the Lewis model has been applied to study industrialization of other countries, surprisingly little, if any, effort has been made in this respect with regard to China.1 This chapter is an attempt to fill this void.

Keywords: Turning Point; American Economic Review; Real Wage; Marginal Product; Traditional Sector (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23425-3_5

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DOI: 10.1057/9780230234253_5

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