High-skilled services and development in China

• 成果类型: Article
• 署名作者: Fang, Lei; Herrendorf, Berthold
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Atlanta; Arizona State University; Arizona State University-Tempe
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2021.102671
• 发表日期: 2021
• 关键词: china; High-skill-intensive services; State-owned enterprises; structural change

摘要

We document that the employment share of high-skill-intensive services is much lower in China than in countries with similar GDP per capita. We build a model of structural change with goods and low- and high-skill-intensive services to account for this observation. We find that large distortions limit the size of high-skill-intensive services in China. If they were removed, both high-skill-intensive services and GDP per capita would increase considerably. We document a strong presence of state-owned enterprises in high-skill-intensive services and suggest that this leads to important distortions.