The Institutional Originality, Human Capital And Economic Increase Of Hebei Province

Since the reform and opening up to the outside world, there has been a great increase in economy in Hebei province. But compared with the other provinces in eastern part, Hebei province is left behind in the economic development. In order to find out the reasons, and starting with the analysis of the economic elements under the framework of the new classic model and the new economic increase model, the author has undergone an empirical study of the economic increase of Hebei province, and found out that it is the human capital and the institutional originality that prevented the economic increase. In this thesis, the author has chosen the data between 1978 and 2002, combined the creativity of the systems and institutions and qualified the index of the institutional originality. Then the author, by using human capital, level of human capital, institutional originality as well as material capital, draws the following conclusion:1. At present, the pattern of economic increase of Hebei province still belongs to crude production model, mainly depending on the promotion of capital, the contribution of capital comes up to 84.18%.2. Though has an evident contribution to the economic increase, human capital and the level of human capital occupied a relatively small share, the direct contribution of the level of human capital only takes 5.98%. in addition, level of human capital has a strong external function, with 11.76% contribution rate, has a total contribution of17.65%.3. The direct function of originality of institution and its function of being internalized into human capital is not evident. But it has an evident promotion of the material capital. In the fourth model, the contribution of system occupies 29.04%, indicating that institutional originality shows its external function only through human capital and material capital, etc.Through these examination and analysis, the author finds that there has been some shortcomings in human capital accumulation as well as institutional originality. What is more, the author puts forward some constructive suggestions to help to deal with the problems in economic development. The creativity of this thesis lies in the fact that the author has organized and calculated the many-year data of capital investment, human capital investment and institutional originality of Hebei province, laying a way for thestudy of local and regional economic increase, having his analysis on the basis of data organization and model construction, the author in this thesis has succeeded in finding the appropriate model for describing the Hebei economic increase, and offered a reference for the government to establish the economic increase planning.