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Manufacturing, Increasing Returns and Economic Development in China, 1979-2004: A Kaldorian Approach

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  • Yongbok Jeon

Abstract

The aim of this study is to empirically test the validity of the Kaldorian approach to growth and development in China during its reform period of 1979-2004. In order to obtain robust results, both time-series and regional panel data formats are used. The present study finds from both data sets that the Kaldorian hypotheses about economic growth are valid in China during the reform period.

Suggested Citation

  • Yongbok Jeon, 2006. "Manufacturing, Increasing Returns and Economic Development in China, 1979-2004: A Kaldorian Approach," Working Paper Series, Department of Economics, University of Utah 2006_08, University of Utah, Department of Economics.
  • Handle: RePEc:uta:papers:2006_08
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    File URL: http://economics.utah.edu/research/publications/2006_08.pdf
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    References listed on IDEAS

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    1. Alcino F. Câmara Neto & Matias Vernengo, 2004. "Fiscal policy and the Washington consensus: a Post Keynesian perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 333-343.
    2. FranÁois Bourguignon & Francisco H. G. Ferreira & Phillippe G. Leite, 2003. "Conditional Cash Transfers, Schooling, and Child Labor: Micro-Simulating Brazil's Bolsa Escola Program," World Bank Economic Review, World Bank Group, vol. 17(2), pages 229-254, December.
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    Cited by:

    1. Yongbok Jeon & Tae Hwan Yoo, 2009. "Regional Growth and Income Inequality in China After 1978: A Spatial Econometric Approach," Korean Economic Review, Korean Economic Association, vol. 25, pages 105-131.
    2. Tregenna, F., 2009. "Contracting Out of Service Activities and the Effects on Sectoral Employment Patterns in South Africa," Cambridge Working Papers in Economics 0906, Faculty of Economics, University of Cambridge.
    3. Gisela Di Meglio & Jorge Gallego & Andrés Maroto & Maria Savona, 2015. "Services in Developing Economies: A new chance for catching-up?," SPRU Working Paper Series 2015-32, SPRU - Science and Technology Policy Research, University of Sussex.

    More about this item

    Keywords

    Economic growth in China; Kaldor’s Laws; increasing returns to scale; manufacturing industry;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

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