China's Rural Labor Migration and Its Economic Development. Xiaoguang Liu

of China January 2017

       Contents

       Foreword

       Preface

       About the Author

       About the Translator

       Acknowledgments

       Chapter 1 Introduction

       I. Characteristics of China’s Economy

       1. The riddle of China’s rising return on capital

       2. The riddle of China’s rising savings rate

       3. The riddle of “Okun’s Law” not being applicable to China

       II. The Understanding of China’s Economy from the Perspective of the Transfer of Agricultural Labor

       Chapter 2 Overview of the Transfer of Agricultural Labor

       I. The Evolution of the Transfer of Agricultural Labor

       II. Driving Factors for the Transfer of Agricultural Labor

       1. Econometric model, regression variables and data description

       2. The results of the empirical analysis

       3. Brief conclusions

       III. Technical Support for the Transfer of Agricultural Labor: The Revolution in Labor Productivity

       1. The productivity of agricultural labor measured by added value

       2. The productivity of agricultural labor measured by physical quantity

       3. Brief comments

       IV. Summary

       Chapter 3 The Enigma of the Transfer of Agricultural Labor and the Rising Return on Capital

       I. Introduction

       II. Review and Discussion of the Literature

       III. Theoretical Model

       1. Model specification

       2. Equilibrium analysis

       IV. Empirical Analysis

       1. General measure of the technology spillover effect

       2. China’s technology spillover effect and its rising return on capital

       V. Recent Performance of China’s Return on Capital

       VI. Conclusions

       Chapter 4 Riddle of the Transfer of Agricultural Labor and the Rise of the Rate of Household Saving in China

       I. Introduction

       II. Review of the literature

       III. Theoretical Model

       1. Production

       2. Preference

       3. Equilibrium

       IV. Analysis of the Economic Significance

       V. Conclusions

       Chapter 5 The Transfer of Agricultural Labor and the Okun Relationship in China

       I. Introduction

       II. Ideas of Analysis and Model Derivation

       1. Analysis of the ideas of the research

       2. Theoretical model derivation

       III. Analysis of the Generalized Okun Relationship in China

       1. Indicator and measurement of the variable of the transfer of agricultural labor in China

       2. Discussion on the indicator of China’s urban unemployment rate

       3. Estimation of the Okun relationship model in China

       IV. Test with Multinational Data

       1. General formula of the generalized Okun model

       2. Analysis of the subtype regression of sampling countries

       V. Conclusions

       Chapter 6 The Policy Implications of the Transfer of Agricultural Labor

       I. Conclusions and Policy Recommendations

       II. The Directions of Future Research

       Appendix A

       Appendix B