Employment Effect of Structural Change in Strategic Emerging Industries

Abstract

Stable development of strategic emerging industries promotes its industrial transformation and upgrading, which has affected the development of not only the society and the economy but also other fields, thereby having a great impact on employment. To measure the impact of structural change of strategic emerging industries on employment in China, this paper constructs a regression equation, in which the employment of strategic emerging industries is the dependent variable, while the change direction of strategic emerging industry structure, the employment elasticity of strategic emerging industries and the change speed of industrial structure are the independent variables. The research results are as follows: (i) The change direction of strategic emerging industries is positively correlated with employment. (ii) The employment elasticity of strategic emerging industries is on the rise, and is positively correlated with employment. (iii) The speed of change of strategic emerging industries is unstable, and is negatively correlated with employment. As a result, the structural change in strategic emerging industries has played a role in promoting employment. The government should recognize the impact of structural changes in strategic emerging industries on China’s employment. By implementing the existing strategic emerging industry policies and improving the external environment for the development of strategic emerging industries, the strategic emerging industries will play the role of “innovation, growth and leadership” in economic and social development.