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The Role of the Middle Class in the Economic Development of Chinese Cities

A Case Study of Shanghai and Wuhan



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The Role of the Middle Class in the Economic Development of Chinese Cities by Daniel Adam John
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This dissertation, "The Role of the Middle Class in the Economic Development of Chinese Cities: a Case Study of Shanghai and Wuhan" by Daniel Adam, John, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: The Chinese middle class will be central to the continued sustainable development of China. This paper investigates the role of the middle class in the development of individual cities utilizing the Solow growth model. The paper breaks down the Solow growth model into the individual factors of production and calculates values for them over the period 2000 to 2010. Then using the data and the Cobb-Douglas production function shows that, for both Shanghai and Wuhan, total factor productivity is decreasing over the period. The size of the middle class in both cities is also calculated using a relative definition in order to compare its growth to the change in total factor productivity. The study shows that the middle class have yet to play a significant part in the economic development of Shanghai or Wuhan. DOI: 10.5353/th_b5217451 Subjects: Middle class - China - Wuhan ShiMiddle class - China - ShanghaiEconomic development - China - Wuhan ShiEconomic development - China - Shanghai
Release date NZ
January 27th, 2017
Country of Publication
United States
colour illustrations
Open Dissertation Press
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