Publication Date

2017-12-03

Availability

Embargoed

Embargo Period

2019-12-03

Degree Type

Dissertation

Degree Name

Doctor of Philosophy (PHD)

Department

Economics (Business)

Date of Defense

2017-11-16

First Committee Member

Manuel Santos

Second Committee Member

David Kelly

Third Committee Member

Chunzan Wu

Fourth Committee Member

Zhigang Feng

Abstract

This paper studies a case of China in the perspective of structural change and industrial revolution. According to industrial revolution theory of Wen (2015), China is at the completion stage of its second industrial revolution and needs to finish agricultural mechanization. Comparing China’s economic structure and agricultural productivity to those of Japan and South Korea, this paper confirms that China has been through the first and second industrial revolution and is on the point of starting the mechanization of its agriculture. The main findings include (1) there exists a similar pattern of economic development in China, South Korea, and Japan. (2) I observe high saving rates in China and Korea during their early developmental stage, and offer the behavior pattern of the first-generation workers as a potential explanation. (3) Industrial structure does not change much after 2000 in China. I believe the development of the first industrial revolution gradually forms the industrial structure of the second industrial revolution. (4) I observe low agricultural productivity in China and identify the public land ownership as a cause of low fixed investment in agricultural production, which could be an obstacle of China’s agricultural mechanization. (5) I choose the model of Ju, Lin, and Wang (2015) to give a general description of industrialization procedure and upgrades of industrialized production.

Keywords

Development; Growth; Structural Change

Available for download on Tuesday, December 03, 2019

Share

COinS