The Transmission Path and Mechanism of Effect of Dual Circulation on Promoting High-quality Employment:Based on the Test of Multiple Mediating Effects of Structural Equation Model
With the profound changes in the main contradiction of China's social development in the new period,high-quality employment has become an important tool for basing on the new development stage,implementing the new development concept,constructing the new development paradigm,and promoting high-quality development.Based on the panel data of China Statistical Yearbook and China Labor-force Dynamics Survey(CLDS)for 29 provinces in China from 2012-2018,this paper analyses the transmission paths and the mechanism of effect of the dual circulation on high-quality employment in China by using Structural Equation Model(SEM).The study found that:1)The coordinated interaction between the inner and outer circulations can significantly promote high-quality employment,and the contribution rate of the effect is 45.15%;2)Technological progress,industrial structure upgrading,and human capital accumulation brought about by the dual circulation are important channels for promoting high-quality employment,and the contribution rate of the effect is 54.85%,among which,technological progress plays the strongest mediating effect,with a contribution rate of 32.56%,while industrial structure upgrading and human capital accumulation contribute 4.84%and 5.89%respectively.Therefore,China should fully rely on the advantages of its large domestic market,continue to promote a high level of opening up to the outside world,and enhance the interactive level of the dual circulation.At the same time,it should give full play to the role of"tractor"of technological progress,"booster"of industrial structure upgrading and"support axis"of human capital accumulation,support China to better promote high-quality employment in the process of accelerating the construction of a new development paradigm of dual circulation from policy perspective.
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