Fukase & Martin published a nice World Bank discussion paper, Who Will Feed China? (June 2014). In it they attempt to model food demand and food supply using cross-country data to establish a baseline. In line with my claim that the Engel’s coefficient (food as a share of household expenditures) is stable across societies, they find a fairly… Continue reading China’s Agrarian Future
The VoxEU blog has a nice post here on demographics and growth. We’ll return to this and related macro topics after our migration segment. For now, what is happening in China in terms of demographics? Think about how/why the above chart ties in with that.