| Employment Effectiveness of China＇s Economic Stimulus Package |
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| 摘 要： | 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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| 关 键 词： | 经济增长 就业 中国 公共投资 金融危机 扩大内需 社会保障 最大化 |
Employment Effectiveness of China's Economic Stimulus Package |
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| Authors: | Fang Cai Dewen Wang Huachu Zhang |
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| Institution: | [1]Institute of Population and Labor Economics, Chinese Academy of Social Sciences, Beijing, China [2]College of Economics and Management, South China Normal University, Guangzhou, China |
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| Abstract: | 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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| Keywords: | economic stimulus package employment shock global financial crisis input-output method |
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