The Impact of Trade Openness, FDI and Domestic Factors on Labour Productivity in China
คำสำคัญ:
Labour Productivity Index, Foreign Factors, Domestic Factors, Trade Openness, FDIบทคัดย่อ
This study aims (1) to ascertain the effects of foreign factors and domestic factors on labour productivity in China during 1983 to 2022, and (2) to measure and evaluate Chinese labour productivity across different sectors from 1978 to 2022. All discrete data in macro level have been analyzed via the ordinary least squares regression (OLS) method. Furthermore, the statistical t-test is also used to compare labour productivity index between the groups. The data of the study have been obtained from various sources such as National Bureau of Statistics of China, China Statistical Yearbook 2023, and so forth. The study reveals the complex effects of foreign factors on labour productivity; trade openness has been found to have a negative impact on labour productivity across sectors, while FDI’s influence was mixed. It positively affected labour productivity in primary industrial sector, but it was found to have negative or non-significant effects in secondary and tertiary sectors. For the domestic factors, the capital-labour ratio, one-child policy, and number of graduates have been found their positive effect on labour productivity. Also, share of output value in the industry to the agriculture sector positively impacted on labour productivity in the secondary industrial sector, whilst share of output value in the service to agriculture sector showed the positive effect on labour productivity in tertiary sector. In addition, the study is found the significant increase of China’s labour productivity after joining the WTO in all industrial sectors. However, when comparing the labour productivity before and after adoption of China’s one-child policy, significant difference is found only in the primary industrial sector.
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