An Empirical Study on the Division of Labour and Economic Structural Changes

Monchi Lio () and Meng-chun Liu
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Monchi Lio: National Sun Yat-sen University
Meng-chun Liu: Chung-Hua Institution for Economic Research

Chapter 14 in The Economics of E-Commerce and Networking Decisions, 2003, pp 298-310 from Palgrave Macmillan

Abstract: Abstract It has long been recognized by economists that there is a systematic connection between the progress in economic productivity and the growth of cities. Yang and Rice (1994) develop a general equilibrium model to explain this intrinsic connection. Their model shows that in an economy, one of the functions of cities is to be able to improve transaction efficiency, and thus to expand the level of division of labour. People become more specialized as the division of labour evolves, and in this process labour productivity improves due to economies of specialization.

Keywords: Labour Force; Transaction Cost; Rural Sector; Industrial Good; Rice Model (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3837-4_14

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DOI: 10.1057/9781403938374_14

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