The Impact of the New Characteristics of Chinese Labor Resources Changes on Its Economic Growth
Download as PDF
The free flow of labor is the fundamental guarantee for the effective allocation of resources, productivity and economic growth. In the absence of the employment security system, labor mobility may lead to a decline in employment security, inhibition of productivity and economic growth. This paper uses the data of 31 provinces, municipalities and autonomous regions in China from 2000 to 2006 to estimate the scale of labor mobility in the region, construct relevant indicators, and empirically test the comprehensive impact of labor mobility on regional economic growth. Research shows that labor mobility has a positive impact on economic growth in the next period, but has a negative impact on economic growth in the current period. The impact of employment security and labor market tension is not significant. To this end, the full free flow of labor should be promoted under the premise of establishing a moderate social security system to promote the sustainable development of the regional economy and social harmony.
Economic Growth; Labor Resource; Impact Study