Structural Transformation and Growth in China: 1978-2005

4:00 PM - 5:00 PM

A talk by Loren Brandt, University of Toronto. Between 1978 and 2005, GDP per worker in China grew over 7% per annum. This growth was accompanied by two important structural transformations: from agriculture to non-agriculture, and from the state to the non-state sector. This presentation examines the contributions of each if these two transformations and of productivity growth within each sector to China's overall growth. It also examines the forces driving each of these momentous changes, including the role of relaxation of barriers on labor and credit mobility.

****

Loren Brandt is a Professor of Economics at the University of Toronto specializing on the Chinese economy. Professor Brandt has published extensively on the Chinese economy, with his most recent work focusing on economic growth and structural change; industrial development; and income inequality. With Thomas Rawski, he was co-editor and contributor to China's Great Economic Transformation (forthcoming, Cambridge University Press, 2008), which provides a comprehensive assessment of China's economy the last three decades.

For More Information: chinese.studies@umich.edu