The Labor Share Question in China

Qin, Hao

doi:10.14452/mr-065-08-2014-01_2

Cited by 30 publications

(17 citation statements)

References 65 publications

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“…The average capital/labour cost share for UK and US was taken as a 30%/70% split of total GDP, based on data from Schneider [100] shown in Figure 8: For China, the average capital/labour cost share was taken as a 50%/50% split, based on the average for labour compensation/GDP found by Qi [101], as shown in Figure 9 (dark line). .…”

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

“…Therefore, to account for the cost of energy, the cost shares of energy, labour and capital are amended to add to unity. This slightly reduces the capital (and labour) costs shares derived from Figures 8 and 9 (i.e., to make space for energy), as given in Table 3, which gives the assumed cost share values taken for the estimation of energy rebound in Equation (20): For China, the average capital/labour cost share was taken as a 50%/50% split, based on the average for labour compensation/GDP found by Qi [101], as shown in Figure 9 (dark line). estimates of rebound for energy cost shares ranging from 0% to 20%, and is found to make little difference to the rebound estimate.…”

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

“…The capital cost share is indirectly obtained via the labour cost share data, which is more readily available. The average capital/labour cost share for UK and US was taken as a 30%/70% split of total GDP, based on data from Schneider [100] shown in Figure 8: For China, the average capital/labour cost share was taken as a 50%/50% split, based on the average for labour compensation/GDP found by Qi [101], as shown in Figure 9 (dark line). At this point we note that energy is taken by economists as an intermediate good, and therefore the cost shares shown in Figures 8 and 9 exclude energy costs.…”

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

“…This slightly reduces the capital (and labour) costs shares derived from Figures 8 and 9 (i.e., to make space for energy), as given in Table 3, which gives the assumed cost share values taken for the estimation of energy rebound in Equation (20): Figure 9. Labour cost shares (payments to labour as % of GDP) for China [101].…”

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

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Energy Rebound as a Potential Threat to a Low-Carbon Future: Findings from a New Exergy-Based National-Level Rebound Approach

et al. 2017

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150 years ago, Stanley Jevons introduced the concept of energy rebound: that anticipated energy efficiency savings may be "taken back" by behavioural responses. This is an important issue today because, if energy rebound is significant, this would hamper the effectiveness of energy efficiency policies aimed at reducing energy use and associated carbon emissions. However, empirical studies which estimate national energy rebound are rare and, perhaps as a result, rebound is largely ignored in energy-economy models and associated policy. A significant difficulty lies in the components of energy rebound assessed in empirical studies: most examine direct and indirect rebound in the static economy, excluding potentially significant rebound of the longer term structural response of the national economy. In response, we develop a novel exergy-based approach to estimate national energy rebound for the UK and US and China (1981China ( -2010. Exergy-as "available energy"-allows a consistent, thermodynamic-based metric for national-level energy efficiency. We find large energy rebound in China, suggesting that improvements in China's energy efficiency may be associated with increased energy consumption ("backfire"). Conversely, we find much lower (partial) energy rebound for the case of the UK and US. These findings support the hypothesis that producer-sided economies (such as China) may exhibit large energy rebound, reducing the effectiveness of energy efficiency, unless other policy measures (e.g., carbon taxes) are implemented. It also raises the prospect we need to deploy renewable energy sources faster than currently planned, if (due to rebound) energy efficiency policies cannot deliver the scale of energy reduction envisaged to meet climate targets.

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Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

Section: Methods 1: Ratio Of Actual To Potential Energy Savings (Aes/pes)mentioning

confidence: 99%

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Energy Rebound as a Potential Threat to a Low-Carbon Future: Findings from a New Exergy-Based National-Level Rebound Approach

et al. 2017

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“…Hao Qi's () class analysis of the decline of labour share of GDP posits this situation somewhat differently. Qi claims that the reason labour share rose to as much as 45.6 per cent in 2012 was a mounting workers’ movement in the wake of the hard times that resulted from the downturn.…”

Section: China's Rising Wagesmentioning

confidence: 99%

China and the Great Doubling: Racing to the Top or Bottom of Global Labour Standards?

Whitfield¹

2015

Global Policy

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This article draws from the wealth of literature surrounding China's role in global markets. In particular it focuses on the debate regarding China's Lewis turning point and burgeoning market share. This article constructs a theoretical framework surrounding globalisation theory and Richard Freeman's ‘great doubling’ thesis, and assesses the implications of China's reserve‐labour surplus for global labour standards. It reviews a wide range of the literature on related topics, assessing the validity of the data therein. Market signals suggesting the depletion of China's reserve‐labour surplus are distorted due to state policy known as hukou, which itself may cause China's Lewis turning point to be pushed further into the future. There is evidence that China can catch up with advanced economies in terms of capital intensive production (although they remain some way from doing so) and that China's crowding out of neighbouring economies’ market shares might be seen more accurately as redirection, rather than outright displacement. Finally, this article highlights evidence of a race to the bottom.

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The Dark Side of Globalised Production: Economic ‘Rebalancing’ in Contemporary China

Rolf

2019

International Political Economy Series

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The Labor Share Question in China

Cited by 30 publications

References 65 publications

Energy Rebound as a Potential Threat to a Low-Carbon Future: Findings from a New Exergy-Based National-Level Rebound Approach

Energy Rebound as a Potential Threat to a Low-Carbon Future: Findings from a New Exergy-Based National-Level Rebound Approach

China and the Great Doubling: Racing to the Top or Bottom of Global Labour Standards?

The Dark Side of Globalised Production: Economic ‘Rebalancing’ in Contemporary China

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