The Great Exodus

Purpose The purpose of this paper is to review the process of rural labor reallocation and unfolds its growth effect through sufficiently supplying human resources, preventing diminishing return to capital, and increasing labor productivity. Design/methodology/approach The author surveys literature...

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Vydáno v:	China agricultural economic review Ročník 10; číslo 1; s. 3 - 15
Hlavní autor:	Cai, Fang
Médium:	Journal Article
Jazyk:	angličtina japonština
Vydáno:	Bingley Emerald Publishing Limited 05.02.2018 Emerald Group Publishing Limited
Témata:	Agricultural economics Agricultural industry Agricultural production Agriculture Allocative efficiency Capital Economic conditions Economic development Economic growth Economic models Economic reform Economics Employment Farmers Farming Farmworkers GDP Grain Gross Domestic Product Households Human resources Income Labor Labor economics Labor force participation Labor migration Labor productivity Labor supply Manual workers Migration Mobility Occupational mobility Poverty Productivity Rationing Reforms Rural areas Rural communities Shortages Statistics Urban areas China Labour transfer Hukou system reform Resources reallocation Chinese economy
ISSN:	1756-137X, 1756-1388
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Shrnutí:	Purpose The purpose of this paper is to review the process of rural labor reallocation and unfolds its growth effect through sufficiently supplying human resources, preventing diminishing return to capital, and increasing labor productivity. Design/methodology/approach The author surveys literature and statistics related to the subject to comprehensively picture the 40-year course of the shift and reallocation of agricultural surplus labor. Findings In the past 40 years, reforms in relevant areas have eliminated institutional barriers deterring labor mobility and allowed agricultural laborers to exit from low-productivity farming employment, migrate beyond rural-urban boundary and across regions, sectors, and ownerships, and enter higher productivity employment in non-agricultural sectors. As a result, resources allocative efficiency has been substantially improved, contributing a significant part to labor productivity growth and thus economic growth of the Chinese economy as a whole. Social implications To sustain this source of economic growth as far as China completes its transition from upper-middle income status to high-income status, deepening reforms is urgently needed. The author provides policy suggestions for further reform. Originality/value This paper enhances people’s understanding of the Chinese economic reform and its nature of efficiency and inclusion.
Bibliografie:	ObjectType-Article-1 SourceType-Scholarly Journals-1 ObjectType-Feature-2 content type line 14
ISSN:	1756-137X 1756-1388
DOI:	10.1108/CAER-10-2017-0178