The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’

John Hicks, Claire Harvey

Research output: Book chapter/Published conference paperConference paper

Abstract

Economic development in China has major implications for the world economy. A China which pushes on to become a high income economy will command considerable influence on the world stage. However, to the extent that China is caught in a middle income trap (MIT), that influence may be mitigated. The literature suggests that the emergence of the Lewis Turning Point (LTP) will signal the possible onset of a MIT. This paper, therefore, pursues the question of whether or not a LTP has been reached in China – an issue of some debate in the literature – through the application of provincial data to a simple fixed effects econometric model designed to detect the presence of a LTP.
Original languageEnglish
Title of host publicationProceedings of the 40th International Academic Conference, Stockholm
EditorsJiri Rotschedl, Klara Cermakova
Place of PublicationCzech Republic
PublisherInternational Institute of Social and Economic Sciences
Pages116-124
Number of pages9
ISBN (Electronic)9788087927670
DOIs
Publication statusPublished - 2018
Event40th International Academic Conference - Ersta Sköndal Bräcke University College, Stockholm, Sweden
Duration: 25 Jun 201828 Jun 2018
https://www.iises.net/past-conferences/academic/40th-international-academic-conference-stockholm

Conference

Conference40th International Academic Conference
CountrySweden
CityStockholm
Period25/06/1828/06/18
Internet address

Fingerprint

China
Trap
Income
Lewis turning point
Econometric models
Economic development
Fixed effects
World economy

Cite this

Hicks, J., & Harvey, C. (2018). The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’. In J. Rotschedl, & K. Cermakova (Eds.), Proceedings of the 40th International Academic Conference, Stockholm (pp. 116-124). Czech Republic: International Institute of Social and Economic Sciences. https://doi.org/10.20472/IAC.2018.040.025
Hicks, John ; Harvey, Claire. / The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’. Proceedings of the 40th International Academic Conference, Stockholm. editor / Jiri Rotschedl ; Klara Cermakova. Czech Republic : International Institute of Social and Economic Sciences, 2018. pp. 116-124
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abstract = "Economic development in China has major implications for the world economy. A China which pushes on to become a high income economy will command considerable influence on the world stage. However, to the extent that China is caught in a middle income trap (MIT), that influence may be mitigated. The literature suggests that the emergence of the Lewis Turning Point (LTP) will signal the possible onset of a MIT. This paper, therefore, pursues the question of whether or not a LTP has been reached in China – an issue of some debate in the literature – through the application of provincial data to a simple fixed effects econometric model designed to detect the presence of a LTP.",
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Hicks, J & Harvey, C 2018, The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’. in J Rotschedl & K Cermakova (eds), Proceedings of the 40th International Academic Conference, Stockholm. International Institute of Social and Economic Sciences, Czech Republic, pp. 116-124, 40th International Academic Conference, Stockholm, Sweden, 25/06/18. https://doi.org/10.20472/IAC.2018.040.025

The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’. / Hicks, John; Harvey, Claire.

Proceedings of the 40th International Academic Conference, Stockholm. ed. / Jiri Rotschedl; Klara Cermakova. Czech Republic : International Institute of Social and Economic Sciences, 2018. p. 116-124.

Research output: Book chapter/Published conference paperConference paper

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Hicks J, Harvey C. The “Lewis Turning Point” in China and its Implication for the Emergence of a “Middle Income Trap”: Evidence from Provincial Data’. In Rotschedl J, Cermakova K, editors, Proceedings of the 40th International Academic Conference, Stockholm. Czech Republic: International Institute of Social and Economic Sciences. 2018. p. 116-124 https://doi.org/10.20472/IAC.2018.040.025