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Study on the Transmission-Mechanism of International Factors Influencing Chinese Price Level
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作者 menggen chen Decai YIN 《Journal of Systems Science and Information》 CSCD 2017年第1期34-47,共14页
After the reform and opening, the economic relationship between China and the world is strengthened heavily. Theoretically, international factors have impact on the domestic general price level through a set of channe... After the reform and opening, the economic relationship between China and the world is strengthened heavily. Theoretically, international factors have impact on the domestic general price level through a set of channels. This paper employed a sample including monthly data of five representative indicators, to explore the influence of international factors on Chinese price level. The empirical results showed that there is an obvious lag for Chinese CPI reacting to international shocks, while the PPI reacts immediately. The impact of international factors on Chinese CPI and PPI usually lasts 12 months at least and they always exhibit a different transmission mechanism for international shocks.Besides, a further study revealed that some structure-breakpoints in the influence mechanism of international factors exist, and great changes of the impact direction and significance for different factors have taken place in the subsample periods. 展开更多
关键词 international factors price level transmission-effect mechanism-switch
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Labor Inputs and Productivity in Chinese Industries:2000-2018
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作者 menggen chen Yuanyuan Hou 《China Finance and Economic Review》 2022年第1期24-47,共24页
Under the framework of growth accounting,this paper introduces four heterogeneity characteristics of labor,namely,educational level,age,gender and industry,constructs a cross classification matrix of employment,labor ... Under the framework of growth accounting,this paper introduces four heterogeneity characteristics of labor,namely,educational level,age,gender and industry,constructs a cross classification matrix of employment,labor compensation and working hours,and calculates the labor input(volume)of the whole country and of 19 industries during 2000-2018.Then it decomposes the volume into quantity and quality parts to analyze the total amount of labor input and the performance of industry labor input.The results are as follows.First,during the research period,the annual growth rate of labor input was 2.5%,and 78.8%of that came from the growth of labor input quality.The growth of labor input was mainly resulted from the improvement of educational level and the optimization of industrial structure.Second,in 2018,the proportions of labor input of the primary,secondary and tertiary sectors were 13.76%,31.06%and 55.18%respectively,and the transfer speed of labor input to the secondary and tertiary sectors was higher than that of the quantity structure;the labor input volume in the new economy and related industries in the tertiary sector has been greatly increased.Third,the index method-based labor productivity(ILP)of some producer service and consumer service industries was relatively low,and the growth of total industry output mainly attributed to the increase of labor input and the expansion of industrial scale.The improvement of labor input quality has become the key to the growth of labor input in China,and the improvement of educational level is the core power to improve the labor input quality. 展开更多
关键词 labor input volume labor input quality labor productivity total employment working hours
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