Economic Cost of China's Urbanization Lag
Gene Hsin Chang
University of Toledo
University of Toledo, Economics and Urban Affair Center, Working Paper
China lags behind the world standard in urbanization, even during its rapid economic growth period under reform. This urbanization lag implies a tremendous cost in employment and growth, approximately a loss of 75 million job opportunities and a loss of 10% of in GDP. Urgent attention and effective policies are needed to accelerate urbanization.
Keywords: China, urbanization, lag, cost
JEL Classification: O18, O15working papers series
Date posted: February 12, 2003
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