The Impact Of Industrial Policy On Enterprise Labor Deman

In recent years,with the gradual slowdown of China's economic growth and the continuous increase of college graduates,the pressure on China's employment market has increased sharply.Stabilize employment has become the primary task to ensure people's livelihood and maintain the stable operation of social economy.Enterprises are the largest micro demand subject in the labor market and absorb the vast majority of the employed population.It is a crucial link for government departments to implement the work of stabilizing employment.At the stage when the external market is turbulent,the downward pressure on the economy continues to increase,the Sino US economic and trade friction intensifies,and the normalization of COVID-19,the labor enterprises are in a dilemma of financing difficulties and the pressure from the upstream and downstream.However,industrial policies can better guide the agglomeration of various resources to enterprises,alleviate the problem of difficult and expensive financing,promote technological innovation,transformation and upgrading of enterprises,and increase the employment rate of enterprises.Therefore,exploring the impact of industrial policies on the labor demand of enterprises at this stage is not only conducive to our full implementation of the employment priority policy,but also conducive to our improvement of the industrial policy system and promoting the high-quality development of China's economy.Firstly,this paper comprehensively combs the relevant theories of industrial policy and labor demand,and next analyzes the impact mechanism of industrial policy on enterprise labor demand.Then,using the data of A-share listed companies from 2011 to 2020,this paper explores the role of industrial policy on enterprise labor demand.The empirical results show that industrial policy significantly increases the labor demand of enterprises.The intermediary effect test shows that industrial policy improves the labor demand of enterprises by alleviating financing constraints,and the robustness test confirms that this research result is stable and reliable.On this basis,the paper gives policy suggestions to optimize China's industrial policy and improve the labor demand of enterprises.This research conclusion helps us to deeply understand the micro mechanism of industrial policy affecting enterprise behavior.At the same time,it has important practical significance for decision-makers to continuously improve and optimize industrial policy,stabilize market players and expand employment.