English, Article, Journal or magazine article edition: China's Urban Unemployment: Exposed 'Disguised Unemployment' or Insufficient Aggregate Demand? Minqi Li

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Bookmark: http://trove.nla.gov.au/version/199731
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • China's Urban Unemployment: Exposed 'Disguised Unemployment' or Insufficient Aggregate Demand?
Author
  • Minqi Li
Physical Description
  • preprint
Notes
  • China’s enterprise reform has resulted in large-scale layoff of workers from state and collective owned enterprises. Mainstream Chinese economists argue that many of the workers in these enterprises are “disguisedly unemployed” and have to be laid off to achieve better economic performance. In this paper, I argue that the productivity of state and collective owned enterprises to a large extent depends on capacity utilization and the level of aggregated demand. If the government undertakes active aggregate demand policy, the performance of state and collective owned enterprises can be substantially improved without large number of workers being laid off.
  • RePEc:uma:periwp:wp22
Language
  • English
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