An Empirical Analysis of the Relation between Industrial Development and Employment Growth in China
Lin Chao-qun
Abstract
Lin Chao-qun
Abstract
With cross-reference to international experience,the paper gives an empirical analysis of the relationship between the industrial development and employment growth,using the statistics of employment and the real GDP.It argues that the tertiary industry will be the main employment-absorbing sector,with the rising service industry as the backbone forces.However,it would be difficult for the tertiary industry to further enhance its employment potentials if no major institutional reforms,upgrading or innovations are accomplished within the sector.
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With cross-reference to international experience,the paper gives an empirical analysis of the relationship between the industrial development and employment growth,using the statistics of employment and the real GDP.It argues that the tertiary industry will be the main employment-absorbing sector,with the rising service industry as the backbone forces.However,it would be difficult for the tertiary industry to further enhance its employment potentials if no major institutional reforms,upgrading or innovations are accomplished within the sector.
Key concepts: Tertiary sector of the economy, China, Secondary sector of the economy, Empirical research, Service (business), Business, Economics, Industrial organization