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中国经济增长与就业之间的关系分析及政策启示_协整分析By_gnksguybb(国外英文资料)
中国经济增长与就业之间的关系分析及政策启示_协整分析By_gnksguybb
The relationship between analysis and policy implications of _ cointegration analysis between economic growth and employment China
China is still preventing economic growth from overheated to overheated. Analysis of the relationship between Chinas economic growth and employment and policy implications.
Keywords: economic growth, employment elasticity, co integration analysis
I. Introduction
Economic growth and full employment are the main objectives of Chinas macroeconomic policies. Since the reform and opening up, Chinas rapid economic growth, according to the calculation of China statistical yearbook data, the 1978-2009 average annual GDP growth rate of 9.89%, while the employment growth rate of only 2.16%, in recent years is more persistent “ high growth and low employment situation of rdquo. The rapid growth of the economy is accompanied by the bottleneck of employment growth, which has aroused peoples thinking, economic growth can not lead to employment growth? What is the relationship between the two?
Generally speaking, there is a positive correlation between economic growth and employment growth. The faster the economic growth, the more able to attract more labor force to obtain employment. The famous American economist Arthur · Okun (1962) through the research on the relationship between the economic growth and the unemployment rate, the Okuns Law: the u=-0.5 (y-2.25), when the actual economic growth rate is higher than the natural growth rate of one percent, the unemployment rate fell 0.5 percentage points. This law is often mentioned or cited in the economic literature. William Seyfried (2004) selects the data of economic growth and employment in ten states of the United States in 1990-2003 years, and draws a conclusion that economic growth has a short-term effect on employment promotion through functional analysis. Deng Zhiwang, Cai Xiaofan, Zheng Dihua and other co integration analysis, analysis of the 1985-1994 (2
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