05456oam 22013574 450 991096088640332120250426110741.09786612843822978146232549814623254919781452797489145279748X9781282843820128284382697814518731601451873166(CKB)3170000000055322(EBL)1608398(SSID)ssj0000940734(PQKBManifestationID)11494006(PQKBTitleCode)TC0000940734(PQKBWorkID)10955492(PQKB)11396780(OCoLC)712987798(MiAaPQ)EBC1608398(IMF)WPIEE2009169(IMF)WPIEA2009169WPIEA2009169(EXLCZ)99317000000005532220020129d2009 uf 0engur|n|---|||||txtccrEmployment Effects of Growth Rebalancing in China1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (18 p.)IMF Working Papers"August 2009."9781451917444 1451917449 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 marketChinaAggregate Human CapitalimfAggregate Labor ProductivityimfConsumptionimfEconomic theoryimfEconomicsimfEmploymentimfGovernment consumptionimfIncome economicsimfIndustrial productivityimfIndustries: ServiceimfIndustry Studies: Services: GeneralimfIntergenerational Income DistributionimfLabor economicsimfLabor Economics: GeneralimfLaborimfLabourimfMacroeconomicsimfMacroeconomics: ConsumptionimfMacroeconomics: ProductionimfProduction and Operations ManagementimfProductivityimfSavingimfService industriesimfServices sectorimfUnemploymentimfWagesimfWealthimfChinaEconomic conditionsChina, People's Republic ofimfExportsImportsLabor marketAggregate Human CapitalAggregate Labor ProductivityConsumptionEconomic theoryEconomicsEmploymentGovernment consumptionIncome economicsIndustrial productivityIndustries: ServiceIndustry Studies: Services: GeneralIntergenerational Income DistributionLabor economicsLabor Economics: GeneralLaborLabourMacroeconomicsMacroeconomics: ConsumptionMacroeconomics: ProductionProduction and Operations ManagementProductivitySavingService industriesServices sectorUnemploymentWagesWealth330.951035International Monetary Fund.Asia and Pacific Dept.DcWaIMFBOOK9910960886403321Employment Effects of Growth Rebalancing in China4372525UNINA