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중국의 국내외 무역과 부문별 고용시장Impacts of China's Trade on Sectoral Employment Rates

Other Titles
Impacts of China's Trade on Sectoral Employment Rates
Authors
이종찬민대홍제상영
Issue Date
2019
Publisher
한국산업경제학회
Keywords
economic disparity; open economy; trade; employment; 경제적 격차; 개방경제; 무역; 고용
Citation
산업경제연구, v.32, no.3, pp.1033 - 1057
Indexed
KCI
Journal Title
산업경제연구
Volume
32
Number
3
Start Page
1033
End Page
1057
URI
https://scholar.korea.ac.kr/handle/2021.sw.korea/69678
ISSN
1229-201X
Abstract
As China 's economy entered the 'New Normal', China's growth strategy is revised from quantitative growth to qualitative growth. This study analyzes the impact of both interregional and international trade on sectoral employment rates using a fixed effects model with a robust standard error considering the regional characteristics of China. Empirical results show that the impacts vary depending on the economic area. In the Eastern-Coastal area, dominant forms of trade differ according to the sectoral employment rates. However, in the Northeast, the effects of both interregional and international trade are only valid on the private employment rate. In the Central and Western areas, the effect of job creation is evident. Notably, the growth of the Western area is the most noticeable. This means that economic indicators improve as the balanced development policy becomes stable. Moreover, the increase in interregional trade, caused by the increase in international trade, intensifies the integration between economic areas. In conclusion, capital inflow and employment growth through interregional and international trade reduce the regional disparity.
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