AN ANALYSIS ON THE RELATION BETWEEN URBANIZATION AND ECONOMIC GROWTH: COMMENTS ON CHINESE FEATURES

This paper investigated the relation among urbanization,economic growth and structure by using cross-national data.It emphasized China's features and forecasted China's future of urbanization.The world experience showed that the urbanization follows S-shaped curve with economy and China's economy is currently in the fastest urbanization period.Urbanization plays an important role in the transition of economic structure.It boosts domestic consumption and tertiary industry.Compared with the world experience,China has obviously high investment rate,high ratio of secondary industry over GDP and low consumption rate.We found that there is a co-integration among urbanization,per capita GDP and capital stock.Per capita GDP increases 2.25% as urban rate grows up 1%.According to the dynamic relation,we forecasted that the population in urban area would exceed that in rural area in 2012.