• Media type: Report; E-Book
  • Title: High-skilled services and development in China
  • Contributor: Fang, Lei [Author]; Herrendorf, Berthold [Author]
  • Published: Atlanta, GA: Federal Reserve Bank of Atlanta, 2019
  • Language: English
  • DOI: https://doi.org/10.29338/wp2019-21
  • Keywords: O47 ; O51 ; structural change ; China ; high-skill intensive services ; O41
  • Origination:
  • Footnote: Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
  • Description: We document that the employment share of high-skill-intensive services is much lower in China than in countries with similar gross domestic product (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 argue that this presence leads to important distortions.
  • Access State: Open Access