Agricultural productivity, structural change, and economic growth in post-reform China

• 成果类型: Article
• 署名作者: Cao, Kang Hua; Birchenall, Javier A.
• 署名单位: University of California System; University of California Santa Barbara
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2013.06.001
• 发表日期: 2013
• 页码: 165-180
• 关键词: china; Agricultural productivity; structural change; Economic growth

摘要

We examine the role of agricultural productivity as a determinant of China's post-reform economic growth and sectoral reallocation. Using microeconomic farm-level data, and treating labor as a highly differentiated input, we find that the labor input in agriculture decreased by 5% annually and agricultural TFP grew by 6.5%. Using a calibrated two-sector general equilibrium model, we find that agricultural TFP growth: (i) accounts for the majority of output and employment reallocation toward non-agriculture; (ii) contributes (at least) as much to aggregate and sectoral economic growth as non-agricultural TFP growth; and (iii) influences economic growth primarily by reallocating workers to the non-agricultural sector, where rapid physical and human capital accumulation are currently taking place. Published by Elsevier B.V.