Empirical Study on Dynamic Relationship between Industrial Structure and Employment Structure in Hunan
Xianghui, Liu, Sha Jiang
Abstract
Open-access reader
Xianghui, Liu, Sha Jiang
Abstract
Open-access reader
The balanced relationship between the industrial structure and the employment structure is a crucial factor for the development of the regional economy.This study was conducted based on a descriptive analysis of the industrial structure and employment structure trends in Hunan Province.Through the methods of Co-integration Test and Granger Causality Test, Pulse Response Analysis and Variance Decomposition Analysis, this research examines the dynamic relationship between industrial structure and employment structure and proposes relevant suggestions.
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The balanced relationship between the industrial structure and the employment structure is a crucial factor for the development of the regional economy.This study was conducted based on a descriptive analysis of the industrial structure and employment structure trends in Hunan Province.Through the methods of Co-integration Test and Granger Causality Test, Pulse Response Analysis and Variance Decomposition Analysis, this research examines the dynamic relationship between industrial structure and employment structure and proposes relevant suggestions.
Key concepts: Granger causality, Age structure, Variance decomposition of forecast errors, Variance (accounting), Causality (physics), Decomposition, Empirical research, Industrial organization