Employment Effectiveness of China＇s Economic Stimulus Package
Using an input--output method, this paper simulates the impacts of the global financial crisis and the decline of exports on China＇s economy and employment. With shrinking external demand, boosting domestic demand becomes crucial for maintaining economic growth and promoting employment. Our simulate...
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| Veröffentlicht in: | China & world economy 2010 (1), p.33-46 |
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| creator | Fang Cai Dewen Wang Huaehu Zhang |
| description | Using an input--output method, this paper simulates the impacts of the global financial crisis and the decline of exports on China＇s economy and employment. With shrinking external demand, boosting domestic demand becomes crucial for maintaining economic growth and promoting employment. Our simulated results indicate that an investment scenario with employment as a priority can achieve the objective of employment maximization without significantly reducing growth. Public investment should focus on employment, education, health, housing and social security to rebalance China＇s economy so that it can realize sustained and stable economic growth. |
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With shrinking external demand, boosting domestic demand becomes crucial for maintaining economic growth and promoting employment. Our simulated results indicate that an investment scenario with employment as a priority can achieve the objective of employment maximization without significantly reducing growth. 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| fulltext | fulltext |
| identifier | ISSN: 1671-2234 |
| ispartof | China & world economy, 2010 (1), p.33-46 |
| issn | 1671-2234 1749-124X |
| language | eng |
| recordid | cdi_chongqing_backfile_33046709 |
| source | Wiley Journals; Alma/SFX Local Collection |
| subjects | 公共投资 扩大内需 最大化 社会保障 经济增长 金融危机 |
| title | Employment Effectiveness of China＇s Economic Stimulus Package |
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