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Contraintes migratoires et développement. Hukou et accumulation du capital en République populaire de Chine

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  • Thomas Vendryes

Abstract

The constraints on migration flows due to the hukou system have important implications for resources allocation in the People?s Republic of China. At the individual level, they act on rural people?s life cycle and on the allocation, not of their labor, but of their capital: if rural laborers, when young, are free to work wherever they wish, older, they are constrained to return to rural areas, and to invest there their savings. At the macroeconomic level, this article shows, through a simple model of a dual economy development with overlapping generations, that these constraints, despite an apparent suboptimality of resources allocation, hasten capital accumulation in China. Classification JEL : J61, O15, O24, P23.

Suggested Citation

  • Thomas Vendryes, 2010. "Contraintes migratoires et développement. Hukou et accumulation du capital en République populaire de Chine," Revue économique, Presses de Sciences-Po, vol. 61(3), pages 533-542.
    • Handle: RePEc:cai:recosp:reco_613_0533
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    JEL classification:

    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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