Many papers have measured the effects of institutional change on economic growth in rural China. The discussions, however, are all confined only to the agricultural production in spite of the non-agricultural value added has accounted for 56% to total rural value added in 1993.
This paper focuses to the relation-ship between economic growth and the factor transfers from agricultural branch to non-agricultural branch in rural China. The official data in provincial level from 1985 to 1993 are used to test whether the disquilibrium structure exited and whether the growth structures are different among eastern, central and western regions. A series of disequilibrium models are estimated to measure the effects of factor transfers on economic growth.
Comparing to the neoclassical model, the disequilibrium model is more suitable to the economy with dis-equilibrium structure like rural China. In 1985-93, about one fifth of economic growth in rural China can be explained by the factor transfers from agriculture to rural non-agricultural branch.
抄録全体を表示