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The division of labor, capital, communication technology and economic growth : the case of China 1952–99

Narayan, Paresh Kumar and Sun, Guang-Zhen 2007, The division of labor, capital, communication technology and economic growth : the case of China 1952–99, Review of development economics, vol. 11, no. 4, pp. 645-664.

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Title The division of labor, capital, communication technology and economic growth : the case of China 1952–99
Author(s) Narayan, Paresh Kumar
Sun, Guang-Zhen
Journal name Review of development economics
Volume number 11
Issue number 4
Start page 645
End page 664
Publisher Blackwell Publishers
Place of publication Oxford, England
Publication date 2007-11
ISSN 1363-6669
1467-9361
Summary The implications of the division of labor, capital, and technology for economic growth have long been a fundamental issue in development economics. This paper employs the bounds testing approach to cointegration to examine the relationship between the division of labor, capital accumulation, communication technology, and economic growth for China over the period 1952–99. We find that in the long run, capital stock and the division of labor both have statistically significant positive effects on growth, while in the short run the effects are not significantly positive. Telecommunication technology, rather surprisingly, has a statistically insignificant impact on growth both in the long run and in the short run. Our findings indicate that there exists a long run equilibrium relationship between capital and the division of labor on the one hand, and economic growth on the other, thereby lending support to the division of labor theory of growth.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2007, Blackwell Publishing
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018615

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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