The Employment Scale Effect of Servitization Transformation in Manufacturing Industry

Abstract

Abstract: The transition of the manufacturing industry from production-orientation to service-orientation has an important impact on the employment of the manufacturing industry. Based on the analysis of the influencing mechanism of the servitization of the manufacturing industry on the employment of the manufacturing industry, this paper conducts an empirical test by making use of the input-output table and the industrial panel data of China. The results show that the increase in the input of service factor in the manufacturing industry has a significant promoting effect on the expansion of the employment scale of both the overall and the high-skilled labor force of the manufacturing industry. The impact of the servitization in the manufacturing industry on the employment scale of the manufacturing industry shows a certain heterogeneity in the two aspects of the level of manufacturing technology and the input of productive service factors. The results of further study show that the level of manufacturing technology has a threshold effect on the impact of the servitization of manufacturing industry on the overall employment of the manufacturing industry. Along with the continuous improvement of the level of manufacturing technology, the increase in the input of productive service factor will significantly enhance the promotion of the overall employment scale of the manufacturing industry.

Key words: servitization in manufacturing industry, employment scale of manufacturing industry, high-skilled labor, producer services

CLC Number:

F424

DU Chuan-zhong, JIN Wen-han. The Employment Scale Effect of Servitization Transformation in Manufacturing Industry[J]. Contemporary Finance & Economics, 2020, 0(12): 112-124.

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