Will Science and Technology Solve China’s Unemployment Problem?

Fredrik Sjöholm, Nannan Lundin

Research output: Contribution to journalArticle

Abstract

China needs a substantial growth of modern-sector employment to absorb its huge supply of underemployed people and new labor market entrants. The present crisis with its massive layoffs of workers makes the issue even more pressing. Although the government has announced large public investments to deal with the business cycle downturn, less attention has been paid to the structural aspects of Chinese underemployment. One exception is the recent emphasis of technology development. However, science and technology (S&T) can have both positive and negative effects on employment. Using information from a large sample of manufacturing firms in China between 1996 and 2004, we analyze how S&T affects employment. Our results suggest that S&T does not promote employment growth.
Original languageEnglish
Pages (from-to)1-28
Number of pages28
JournalAsian Economic Papers
Volume9
Issue number2
DOIs
Publication statusPublished - 2010
Externally publishedYes

Subject classification (UKÄ)

  • Economics

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