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The relationship between education and employment: A theoretical analysis and empirical test
CHEN Zhongchang, WU Yongqiu
Front. Econ. China. 2007, 2 (2): 187-211.
https://doi.org/10.1007/s11459-007-0010-4
In this paper, we divide the process of educational development into two aspects: the change in educational structure and the expansion of educational scale. Based on this hypothesis, we analyze the relationships between each of the two aspects and employment respectively. In this paper, the factors and the transmission mechanism of the influence that education has on employment are also explained. Then, the theoretical models of the relationship between education and employment are built up. Finally, we use the empirical data collected in China to test the theoretical models and give explanations to the status quo of the unemployment structure within various educational levels. It suggests that: the development of education in China at present is beneficial to the increase in the employment rate, the increase in the proportion of the laborers with junior school education has negative effects on employment, and the development of higher education creates positive effects on the employment, but no evidence shows any significant correlation between the proportion of the laborers with senior high school education and the unemployment rate.
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Empirical study on the infl uence of RMB exchange rate misalignment on China’s export —Based on the perspective of dualistic economic structure
L? Jian
Front. Econ. China. 2007, 2 (2): 224-236.
https://doi.org/10.1007/s11459-007-0012-2
Using data from 1978 2005, this paper estimates RMB equilibrium exchange rate and misalignment respectively, and uses Engle-Granger (E-G) two-step method, error correction model to analyze the influence of RMB exchange rate misalignment on China s export. Because China is the economic transitional country with the character of dualistic economic structure, this paper introduces a control variant into the model which is the gap between agriculture and industry contribution to GDP. Conclusion shows that this model is more credible and stable. There is an obvious cointegration between China s export and RMB exchange rate misalignment, real effective exchange rate, domestic GDP and foreign weighted average GDP. RMB exchange rate misalignment has an obvious negative influence on China s export, but it has self-corrected dynamic mechanism. Then using binary Logit model, this paper concludes that the bigger RMB underestimated misalignment is, the bigger net export probability is, which is good for export. The bigger RMB overestimated misalignment is, the smaller net export probability is, which is bad for export.
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