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Empirical Studies of Growth and Distribution

Paper Session

Saturday, Jan. 5, 2019 2:30 PM - 4:30 PM

Hyatt Regency Atlanta, Hanover G
Hosted By: UNION FOR RADICAL POLITICAL ECONOMICS
  • Chair: Ozgur Orhangazi, Kadir Has University-Istanbul

Semi-Proletarianization in a Two-Sector Economy: The Case of China

Hao Qi
,
Renmin University of China

Abstract

Abstract This paper establishes a model to explain the stylized facts about the wage growth for migrant workers in China since the mid-1990s. The model uses a Marxian method to analyze the interactions between different modes of production, as well as the labor extraction in the capitalist production process, which has the following features. First, similar to the Lewis model, it has a two-sector structure, consisting of a capitalist sector and a non-capitalist sector. Second, households are semi-proletarianized, meaning that a household receives income from both wage employment and household production. Third, capitalist firms determine the wage level in order to extract labor. This model demonstrates that semi-proletarianization is one of the three stages of a two-sector economy like China; in so doing, it provides an alternative to the Lewis Turning Point literature.

New Evidence in Cross-Country Growth: Balanced versus Unbalanced Growth Hypotheses Revisited

Xiao Jiang
,
Denison University
Chau Nguyen
,
Oxford University

Abstract

TBD

Distributional Consequences of Monetary Policy in Emerging Markets

Zhandos Ybrayev
,
University of Massachusetts Amherst

Abstract

TBD
Discussant(s)
Ozgur Orhangazi
,
Kadir Has University-Istanbul
Peter Bent
,
American University of Paris
JEL Classifications
  • O1 - Economic Development
  • E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook