Does Labor Share of Economic Achievements Affect the Crossing of the Middle-income Trap
YUAN Yi-ming1, XU Chang-jian2
1. China Special Economic Zone Research Center, Shenzhen University, Shenzhen, Guangdong, 518060; 2. College of Finance and Economics, Guangdong Polytechnic Normal University,Guangzhou,Guangdong, 510665
Abstract：Labor remuneration reflects how much workers share economic achievement, and determines their social and economic status. The international development shows that the labor share of economic achievement is an important factor affecting sustainable economic growth. The higher the share of labor income, the greater impact it has on economic growth, and the faster economy grows. It takes less time for economies with a higher labor income share and continuous improvement to move from the upper-middle stage to the high-income stage while it takes more time for countries or regions with low labor income share to make the transition. Countries or regions whose labor income share is less than 50% and showing a downward trend fail to achieve the transition from the upper-middle stage to the high-income stage. Empirical data analysis further reveals that labor share of economic achievement is a major factor for economic growth. The higher the labor income share, the faster the per capita GDP grows, the less time it takes to move from the upper-middle stage to high-income stage, and the more favorable it is to achieve sustainable economic development. Apart from improving the worker’s enthusiasm, labor share of economic achievement can also promote the formation of economic growth capacity by influencing human capital investment.
[1] 李稻葵,刘霖林,王红领.GDP中劳动份额演变的U型规律[J].经济研究,2009,(1):70-82. [2] Kuznets,S.Economic growth and income inequality[J]. American Economic Review,1955,45(1):1-28. [3] W.Arthur Lewis.Economic development with unlimited and limited supplies of labour[J].The Manchester School,1954, 22(2):139-191. [4] 叶初升. 中等收入阶段的发展问题与发展经济学理论创新——基于当代中国经济实践的一种理论建构性探索[J].经济研究,2019,(8):167-182. [5] 林毅夫. 新结构经济学[M].北京:北京大学出版社,2015.87-89. [6] 张吉超. 劳动收入份额对个人收入分配基尼系数的影响分析[J].统计与决策,2017,(21):78-82. [7] 张衔,蒙长玉.功能性与规模性收入分配关系的实证分析:马克思经济学视角[J].社会科学战线,2017,(6):55-64. [8] Kaldor N.A model of economic growth[J].The Economic Journal,1957, 67(268):591-624. [9] Harrison A.E.Has globalization eroded labor’s share? some cross-country evidence[R]. UC Berkeley and NBER Working Paper, 2002. [10] 刘盾,施祖麟,袁伦渠.利润拉动还是工资拉动?——对劳动收入份额影响经济增长的理论探讨与实证研究[J].南开经济研究,2014,(2):3-29. [11] 周明海,肖文,姚先国.中国经济非均衡增长和国民收入分配失衡[J].中国工业经济,2010,(6):35-45. [12] 郑猛,杨先明.要素替代增长模式下的收入分配效应研究——基于中国省际面板数据的经验分析[J].南开经济研究,2017,(2):55-75. [13] 李琦. 经济发展中劳动份额演变的U型规律——理论与基于跨国面板数据的实证检验[J].世界经济与政治论坛,2016,(6):104-118. [14] 王小鲁,樊纲.中国收入差距的走势和影响因素分析[J].经济研究,2005,(10):24-36. [15] 张彬,桑百川.美国人力资本结构与再工业化的需求矛盾[J].经济与管理研究,2015,(5):82-88. [16] 徐常建,袁易明.要素收入分配结构、居民消费与经济增长[J].经济经纬,2018,(6):121-126. [17] Galor,O.,J.Zeira. Income distribution and macroeconomics[J].Review of Economic Studies, 1993, 60(1) :35-52. [18] 程文,张建华.收入水平、收入差距与自主创新——兼论“中等收入陷阱”的形成与跨越[J].经济研究,2018,(4):47-62. [19] 陆善勇,叶颖.中等收入陷阱、比较优势陷阱与综合优势战略[J].经济学家,2019,(7):15-22. [20] Gollin, D. Getting income shares right[J].Journal of Political Economy, 2002,110(2):458-474. [21] Barro,R., Lee, J.A new data set of educational attainment in the world,1950-2010[J].Journal of Development Economics,2013, 104:184-198. [22] Caselli,F.,Wilson, D. J.Importing technology[J].Journal of Monetary Economics ,2004,51(1):1-32. [23] 张安驰,樊士德.劳动力流动、家庭收入与农村人力资本投入——基于CFPS微观数据的实证研究[J].现代经济探讨,2018,(3):19-26. [24] 罗锋,黄丽.我国农村家庭收入流动的影响因素分析:1989-2009[J].农业技术经济,2013,(8):72-81.
2020, Vol. 37 
粤公网安备44030502007936号