Arbeitspapier
Unemployment, Growth and Speed of Transition in China
We investigate the relationship between unemployment and growth in China. We find considerable differences in the nature of this relationship across Chinese regions. We argue that this may reflect the different progress in transition across regions, in line with the Aghion-Blanchard model of optimal speed of transition. When we test this model, we indeed find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in China, furthermore, appears to be close to the level associated with optimal speed of transition.
- Language
-
Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 4410
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
-
unemployment
Okun's Law
growth
optimal speed of transition
China
- Event
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Geistige Schöpfung
- (who)
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Fidrmuc, Jan
Huang, Shuo
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fidrmuc, Jan
- Huang, Shuo
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2013
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