Factor Analysis for Chinese Urban Employment
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| Title | Factor Analysis for Chinese Urban Employment |
| Authors | |
| Abstract | With the imbalance and ultrafast economic growth in China, the urban employment contradictions are becoming increasingly acute. To give some effective solutions for this issue, this paper starts from some classical employment theories, expands at the possible factors affecting employment by the angle of Chinese current conditions and gives an empirical research. The first step to the empirical research is to reduce the possible factors affecting employments to some key factors by using correlation test, collinearity Diagnostic and stepwise regression. In the next step, unite root test and cointergration test are applied to analyze time series stationarity for all the factor variables in order to obtain an effective least square regression model. The final step is to calculate the regression coefficients with a log-linear regression model and use Error Correction Model (ECM) to improve the short-run estimation accuracy. In the end of this paper, based on the empirical research result, some useful policy suggestions to remit employment issue are given. |
| Publisher | World Science Publisher |
| Date | 2012-10-29 |
| Source | 2167-6348 |
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