| ID | 096222 |
| Title Proper | Employment effectiveness of China's economic stimulus package |
| Language | ENG |
| Author | Cai, Fang ; Wang, Dewen ; Zhang, Huachu |
| Publication | 2010. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | China and World Economy Vol. 18, No. 1; Jan-Feb 2010: p. 33-46 |
| Journal Source | China and World Economy Vol. 18, No. 1; Jan-Feb 2010: p. 33-46 |
| Key Words | Economic Stimulus Package ; Employment Shock ; Global Financial Crisis ; Input - Output Method |