Lu feng et al.

National School of Development, Peking University

　　bet365 live casino games In Recent Years, The Chinese Economy Has Been Facing Downward Pressure from Slowing Growth, But there not Been a Significant Rise in the RegisterEd/Surveyed UNEMPLOYMENT RATE. 'S 1AW DOES Not Fit China.based on Empirical Observation of the Relationship Between China's Economic Cycle and ITS 1ABOR Market Transition, We Put FORWARD A BROADER VERSION ’s Law Which is Applicable to Analyser. Ersion of the Law Are Connected with StageS of Economic Development. The Standard Okun Model, Which Includes Only the UNEMPLOYMENT VARIABLE, Is Suited to Developed Countries in Which Labor Transfer IS Complete., which is applicable to transitional economies, INTRODUCES A variable for the transfer of agricultura1 1abor. USING Chinese and Cross-Country Panel Data, We find that, Compared with Long-TRM TRENDS, Short-Term Changes in the Transfer ofer of Agricultural 1abor Are Significantly Correrated With the Economic Cycle. F the General Pattern of the Relationship Between The Labor Market and the Economic Cycle and Provides Scientific SUPPPORT for Employment Policy ADJustments That Takes "New Urban Jobs and the Surveyed UNEMPLOYMENT RATE As An Important Indicator of Macro-Adjustment and Control."

　Keywords:OKUN ’s Law,Agriculturtur Labor Transfer,UNEMPLOYMENT RATE,Economic Growth Rate