China & World Economy | VOL. 18
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Employment Effectiveness of China's Economic Stimulus Package

Publication Date Jan 17, 2010

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.

Concepts

Economic Stimulus Package China's Economy Decline Of Exports Stable Economic Growth Investment Scenario Input-output Method Public Investment Objective Of Maximization Economic Growth Sustained Economic Growth

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No potential conflict of interest was reported by the authors. The conception and design of the study, acquisition of data, analysis and interpretatio...

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