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Multiplier, Spillover, And Feedback Effects Of Employment In China And The United States: A Skills- And Sector-Based Perspective

Author

Listed:
  • LAFANG WANG

    (School of Economics and Trade, Hunan University, Changsha, Hunan, P. R. China)

  • BIN ZHANG

    (School of Economics and Trade, Hunan University, Changsha, Hunan, P. R. China)

  • JIABAI YE

    (School of Economics and Trade, Hunan University, Changsha, Hunan, P. R. China)

Abstract

This study uses world input–output (IO) data from 1995 to 2014 to investigate the influence of economic ties on employment in the United States and China. We conclude that the job spillover in China mainly increase the number of jobs employed by the manufacturing industry and the service industry in US, especially the employment of medium- and high-skilled labors accounting for more than 90%. In the meantime, the job spillover effect in the US to China is increasing constantly, especially to the employment of low- and medium-skilled labors in manufacturing and service industries, which tend to be further enhanced. However, the main factors of employment changes on both sides that are from the changes of industrial structure, rather than the impact of foreign products. The most important thing is that the production between China and the United States doesn’t reduce the number of each other’s employment, but optimizes the employment structure of each other, forming a “win–win†situation.

Suggested Citation

  • Lafang Wang & Bin Zhang & Jiabai Ye, 2024. "Multiplier, Spillover, And Feedback Effects Of Employment In China And The United States: A Skills- And Sector-Based Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(08), pages 2555-2579, December.
    • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:08:n:s0217590821500016
    DOI: 10.1142/S0217590821500016
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    More about this item

    Keywords

    Economic correlation; employment effects; input–output model; multiplier effects; spillover effects;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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