05210oam 22012494 450 991078822940332120230721045703.01-4623-2549-11-4527-9748-X97866128438221-282-84382-61-4518-7316-6(CKB)3170000000055322(EBL)1608398(SSID)ssj0000940734(PQKBManifestationID)11494006(PQKBTitleCode)TC0000940734(PQKBWorkID)10955492(PQKB)11396780(OCoLC)712987798(MiAaPQ)EBC1608398(IMF)WPIEE2009169(EXLCZ)99317000000005532220020129d2009 uf 0engur|n|---|||||txtccrEmployment Effects of Growth Rebalancing in ChinaWashington, D.C. :International Monetary Fund,2009.1 online resource (18 p.)IMF Working Papers"August 2009."1-4519-1744-9 Includes bibliographical references.Contents; I. Introduction; II. Sectoral Employment Allocation; A. Sectoral Distribution of Employment; B. Regional Distribution of Employment; C. Skills Intensity of Employment by Sector; D. Labor Intensity by Sector; III. Employment Effects of Rebalancing; A. Determinants of the Sectoral Allocation of Employment from Cross-Country Experience; B. Model-based simulations of the potential impact on employment of rebalancing growth; Appendix: Key Features of the GIMF Model; ReferencesThis paper gauges the potential effects on employment of rebalancing China's exportoriented growth model toward domestic demand, particularly private consumption. Shifting to a private consumption-led growth likely means more demand for existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China's case, this would also imply moving a large number of less skilled labor from the tradable sector to the nontradable sector. The paper shows that while rebalancing China's growth toward a domestic-demand-led economy would likely raise aggregate employment and employment opportunities in the longer term, there could be employment losses in the short run as the economy moves away from the tradable sector toward the nontradable sector. Mitigating these costs will require active labor market policies to cushion the employment impact in the transition, particularly in meeting the skills gap of associated with this transition.IMF Working Papers; Working Paper ;No. 2009/169ExportsChinaImportsChinaLabor marketChinaLaborimfMacroeconomicsimfIndustries: ServiceimfProduction and Operations ManagementimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfIndustry Studies: Services: GeneralimfLabor Economics: GeneralimfMacroeconomics: ConsumptionimfSavingimfWealthimfMacroeconomics: ProductionimfLabourimfincome economicsimfServices sectorimfGovernment consumptionimfProductivityimfEconomic theoryimfService industriesimfLabor economicsimfConsumptionimfEconomicsimfIndustrial productivityimfChinaEconomic conditionsChina, People's Republic ofimfExportsImportsLabor marketLaborMacroeconomicsIndustries: ServiceProduction and Operations ManagementEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityIndustry Studies: Services: GeneralLabor Economics: GeneralMacroeconomics: ConsumptionSavingWealthMacroeconomics: ProductionLabourincome economicsServices sectorGovernment consumptionProductivityEconomic theoryService industriesLabor economicsConsumptionEconomicsIndustrial productivityInternational Monetary Fund.Asia and Pacific Dept.DcWaIMFBOOK9910788229403321Employment Effects of Growth Rebalancing in China3704123UNINA