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Employment Effectiveness of China's Economic Stimulus Package

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  • Fang Cai
  • Dewen Wang
  • Huachu Zhang

Abstract

Using an input‐output method, this paper simulates the impacts of the global financial crisis and the decline of exports on China's economy and employment. With shrinking external demand, boosting domestic demand becomes crucial for maintaining economic growth and promoting employment. Our simulated results indicate that an investment scenario with employment as a priority can achieve the objective of employment maximization without significantly reducing growth. Public investment should focus on employment, education, health, housing and social security to rebalance China's economy so that it can realize sustained and stable economic growth.

Suggested Citation

  • Fang Cai & Dewen Wang & Huachu Zhang, 2010. "Employment Effectiveness of China's Economic Stimulus Package," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(1), pages 33-46, January.
    • Handle: RePEc:bla:chinae:v:18:y:2010:i:1:p:33-46
    DOI: 10.1111/j.1749-124X.2010.01179.x
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    References listed on IDEAS

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    1. Fan He, 2007. "Cover sheet : Institute of World Economics and Politics, Chinese Academy of Social Sciences," EABER Working Papers 21863, East Asian Bureau of Economic Research.
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    Cited by:

    1. Zhang, Longyao & Hsu, Sara & Xu, Zhong & Cheng, Enjiang, 2020. "Responding to financial crisis: Bank credit expansion with Chinese characteristics," China Economic Review, Elsevier, vol. 61(C).
    2. Meng, Lina & Peng, Lu & Zhou, Yinggang, 2023. "Do housing booms reduce fertility intentions? Evidence from the new two-child policy in China," Regional Science and Urban Economics, Elsevier, vol. 101(C).
    3. Liu, Qigui & Pan, Xiaofei & Tian, Gary Gang, 2018. "To what extent did the economic stimulus package influence bank lending and corporate investment decisions? Evidence from China," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 177-193.
    4. Arjan de Haan, 2010. "A defining moment? China's social policy response to the financial crisis," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 758-771.

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