INEQUALITY, TERTIARISATION AND INSTITUTIONAL ARRANGEMENTS DURING CHINA

XU C.¹*
¹Department of Law and Economics, Darmstadt University of Technology, Darmstadt, Germany.
* Corresponding Author : x.chengzhi@gmail.com

Received : 01-12-2013     Accepted : 10-02-2014     Published : 28-03-2014
Volume : 5     Issue : 1       Pages : 220 - 226
Int J Econ Bus Model 5.1 (2014):220-226

Keywords : growth-inequality nexus, tertiarisation, institutional arrangements, China economy, economic transition
Conflict of Interest : None declared

This paper studies how income inequality evolves in the process of China’s growth since 1990s. We showed that the Kuznets inverted U curve has not appeared in China yet. In addition, we pointed out that the tertiarisation process plays the key role in shaping income distribution. The paper presented an institutional analysis on the phenomenon of slow tertiarisation in China, pointing out that the institutional innovations will be crucial for the sustainable development of China.

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