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China, South Africa and the Lewis Model.

Abstract:

The paper uses the Lewis model as a framework for examining the labour market progress of two labour-abundant countries, China and South Africa, towards labour shortage and generally rising labour real incomes. In the acuteness of their rural-urban divides, forms of migrant labour, rapid rural-urban migration, and high and rising real wages in the formal sector, the two economies are surprisingly similar. They differ, however, in the dynamism of their formal sector growth of output and employ...

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Volume:
WPS/2007-12
Series:
Working Paper Series
Publication date:
2007-01-01
URN:
uuid:d538b9f3-34fb-4c9e-ae82-14d5f658267a
Local pid:
oai:economics.ouls.ox.ac.uk:13214
Language:
English

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