The employment effects of regional market integration: Evidence from China

IF 3.4 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2025-09-29 DOI:10.1016/j.asieco.2025.102053

Yanjun Li , Yuanyuan Wan , Shenxiang Xie

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Abstract

This paper systematically examines the impact of regional market integration on employment using matching data from China’s enterprise tax surveys and business registration information from 2009 to 2015. We find that regional market integration significantly increases corporate labor employment. Mechanism analysis shows that regional market integration significantly affects corporate labor employment through three channels: expansion of market demand, alleviation of financing constraints, and intensification of market competition. Our analysis further reveals that regional market integration improves employment both at the intensive and extensive margins. From a dynamic employment perspective, it promotes net employment growth by enhancing job creation and reducing job destruction. Additionally, regional market integration leads to increased employee compensation levels, indicating positive implications for enhancing employment quality. Our heterogeneity analysis shows that the effect of regional market integration varies according to firms’ characteristics, including productivity levels, ownership, location, and industry categorization.

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区域市场一体化的就业效应：来自中国的证据

本文利用2009 - 2015年中国企业税调查与工商登记信息的匹配数据，系统考察了区域市场一体化对就业的影响。研究发现，区域市场一体化显著增加了企业劳动力就业。机制分析表明，区域市场一体化通过扩大市场需求、缓解融资约束和加剧市场竞争三个渠道显著影响企业劳动力就业。我们的分析进一步表明，区域市场一体化在集约化和外延化两方面都改善了就业。从动态就业的角度来看，它通过增加就业创造和减少就业破坏来促进净就业增长。此外，区域市场一体化导致员工薪酬水平的提高，表明对提高就业质量的积极影响。我们的异质性分析表明，区域市场一体化的影响因企业的特征而异，包括生产率水平、所有权、地理位置和行业分类。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.