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A Study About Impacts Of Human Capital On China’s Economic Growth

Posted on:2015-03-30Degree:DoctorType:Dissertation
Country:ChinaCandidate:L ShaoFull Text:PDF
GTID:1269330428496308Subject:Population, resource and environmental economics
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Throughout the entire history of human social and economic development,National prosperity and social stability is the ultimate goal of almost all countriespursue, and the most important measure of a country’s prosperity index is the sustainedeconomic growth. As we all know, the impact factor of economic growth are many,Including: capital, labor, institution, technological progress and opening up and so on.In the agricultural economy, land and labor resources are the main factors leadingeconomic growth; In the industrial economy, physical capital (money, machinery andequipment, etc.), natural resources and labor is the main sources leading the economicgrowth; In today’s knowledge economy time, the capital is to further enrich to thehuman capital and physical capital, And more and more scholars take many otherelements that constitute human capital into economic growth model, so that economicgrowth and the differences between different countries and regions to get a morereasonable explanation. From the development process of the perspective of the worldeconomy, Relatively poor material base does not necessarily hinder a country tobecome an economic power (after World War II, history of Japan’s economicdevelopment is the most typical example), And a regional or national economiccontinuing increasing depends on the development of human capital in the region leveland the level of investment. In this paper,"the case study of "impact of human capitalon the issue of regional economic growth" are summarized as follows:At the beginning of this article (preface), first of all, the author introduces thebackground and significance of this article; secondly, Analyzes the purpose and thebasic idea of this paper; once again introduces the research content and researchmethods; In the final part of the introduction, the author puts forward several possibleinnovations in this article, as follows: first, the author collates and summarizes the views of scholars at home and abroad, Points out that the formation of human capital isbuilt on a national or regional socio-economic environment and the socio-culturalenvironment "dual role" basis, As a result of several elements of joint action,such aseducation,"learning by doing", technological progress, migration and healthinvestment, a country’s human capital to be able to make and to be formed a sustaineddevelopment, and investment in human capital can further promote economic growththrough the combined effects of human capital elements of production capabilities,human capital efficient production capabilities,"knowledge" effect of human capital,the impact of human capital on industrial restructuring and upgrading, the impact onthe labor force of supply and demand. Secondly, the author constructed three differenteconomic growth model to separately measure the three different types of "special"human capital’s impact on China’s economic growth,(including education, science andtechnology human capital and health human capital),and Use panel data of2000-2012and SPSS17.0software for its empirical analysis. The results show that: there is asignificant role in promoting China’s economic growth(including the number ofgraduates of ordinary colleges, education, research staff full-time equivalents, thenumber of patents and health expenditures), and many other variables in the modelconstitutes the rest of human capital impacting on China’s economic growth is notsignificant. Third, the author uses the method of DEA to analyze the input and outputefficiency Over the years into various types of human capital, And will be divided intothree time periods to calculate DEA average score based on the economic growth ofChina’s investment in human capital efficiency(1999-2002for the first timeperiod,2003to2007for the second time period,2008-2012for the third time), Theresults showed that: the average score of the first period DEA efficiency of investmentin human capital is0.774, and the second DEA average score is0.859, and the thirdDEA average score is0.791.The above data can be seen by our recent5years(2008-2012) with respect to the country in the second period (2003-2007), theefficiency of investment in human capital has significantly reduced,human capital topromote economic growth potential has not been fully played out. Literature review section of this paper includes three aspects, first combing theexisting research on human capital theory(including early ideas of human capital, thehuman capital modern ideas, contemporary ideas of human capital, etc.), And theresults of these studies were analyzed and summarized; followed by a review ofresearch on the status of the theory of economic growth (including pre-classical growththeory, classical theory of economic growth, new classical economic growth, newtheory of economic growth, etc.),and Sort and evaluate research results. In the lastchapter of this part the author summarized the results of relevant research in humancapital on economic growth, so as to lay a solid theoretical foundation for thetheoretical analysis and empirical analysis of the follow-up article.The theoretical analysis of this paper includes three aspects, First, on the basis ofcollating and summarizing the relevant views by scholars at home and abroad, theauthor gives the relevant concept of human capital (including individual human capitaland regional human capital), human capital stock, human capital investment andhuman capital types and economic growth. Secondly, the author analyzes the formationpathways of human capital, Points out that the formation of human capital is built on anational or regional socio-economic environment and the socio-cultural environment"dual role" basis, As a result of several elements of joint action, such as education,"learning by doing", technological progress, migration and health investment, acountry’s human capital to be able to make and to be formed a sustained development.The last chapter, the author collate and summarize the mechanism of action of humancapital on economic growth, and points out that investment in human capital canfurther promote economic growth through the combined effects of human capitalelements of production capabilities, human capital efficient production capabilities,"knowledge" effect of human capital, the impact of human capital on industrialrestructuring and upgrading, the impact on the labor force of supply and demand.This section includes three aspects, first, there is a statistical analysis andsummary on human capital investment in education, technology and health aspects,and points out the magnitude of the overall investment in human capital is increasing year by year. Secondly, the author analyzes the economic development of our countryover the years, and points out that if we want to adjust and optimize the industrialstructure, promote sustained economic stability, growth and improving people’s livingstandards, it is necessary to further intensify investment in human capital. Finally, theauthor points out there is a certain level of upgrade in education, science andtechnology, health and economic development in our four areas, but China’s overall"strong west to east," has not been substantial improved, and not only there is a big gapof input in the western region in education, science and technology, health and otheraspects, and the absolute amount of its economic growth is far less than the other threeregions after the statistical analysis.The fifth part of the paper includes four aspects,First, on the basic of literaturesummary, theoretical analysis and statistical analysis, the author gives the researchhypothesis about different types of human capital’s impact on China’s domesticeconomic growth; Secondly, the author determined data sources and variable selectionfor the subsequent empirical analysis,the specific case: the variable data chosen is2000-2012panel data (integrated time-series data and cross-sectional data), theselected data are derived from the "China Statistical Yearbook" and "China StatisticalYearbook of education funding," during2000-2013year. Again, the author built threedifferent multivariate linear regression analysis model to separately measure threedifferent types of "special" human capital’s (including education, science andtechnology human capital and health human capital) impact on China’s economicgrowth; At last, the author analyzes the relevant empirical results.In this section, the author wants to give a clear conclusion about our investment inhuman capital’s output efficiency over the years and our investment in human capital’sefficiency in provinces, autonomous regions and municipalities through analysis of therelevant theories and models. The empirical analysis includes four aspects, firstly, theauthor introduces DEA method briefly; Secondly, the CCR model is described andanalyzed, and select the model as the subsequent empirical analysis model of the part;Thirdly, use CCR model to analyze and evaluate input-output efficiency of China’s human capital over the years; In the final part, the author Analyzes the human capitalinvestment efficiency in different regions, and empirical results are analyzed andsummarized.In this part, the author summarizes the relevant research findings and researchprospects.
Keywords/Search Tags:human capital, investment in human capital, economic growth, DEA model
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