MULTIPLIER, SPILLOVER, AND FEEDBACK EFFECTS OF EMPLOYMENT IN CHINA AND THE UNITED STATES: A SKILLS- AND SECTOR-BASED PERSPECTIVE

Lafang Wang, Bin Zhang and Jiabai Ye
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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

The Singapore Economic Review (SER), 2024, vol. 69, issue 08, 2555-2579

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.

Keywords: Economic correlation; employment effects; input–output model; multiplier effects; spillover effects (search for similar items in EconPapers)
JEL-codes: C67 E24 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0217590821500016

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