The Empirical Study Of Human Capital And Economic Growth In Chongqing City

The factor that affects economic growth, in recent years the human capital factors affecting this increasing concern, human capital for economic growth impetus problem became economics bound to discuss popular topic. Chongqing city from1997since, its economy got rapid development, GDP growth rate in2008reached14%, higher than the national average of nearly five percentage points,"fortune" magazine named Chongqing to is located in Shanghai, Beijing, Shenzhen after the fourth investment hot spot in china. Experts think, analysed in recent years Chongqing economic development path, can be found in the Chongqing economic growth presents the economics of take off the economy" stage. Human capital in promoting the economic growth of Chongqing in the process of how much contribution to the economic growth of Chongqing, the purpose of this paper is to suggest.In this paper from1997to2011of Chongqing city based on the statistical data, the use of EXCEL finishing calculate GDP, material capital and human capital stock time series data, first to Chongqing city economic growth and human capital relations are rough analysis, found that positive correlation exists between them. Then based on the improved Ke cloth--Douglas production function model as the foundation, established the economic growth and the material capital, human capital stock between function model, using Eviews6to the model was the ADF unit root test, cointegration analysis, Johansen Granger causal analysis method, the VEC error vector correction model, impulse response function and variance decomposition, empirical analysis of human capital’s effect on economic growth. The results show that:Chongqing human capital and economic growth exists cointegration relationship, remarkably, short period of human capital on economic growth has positive effect, but the long-term effect effect is more obvious, and the economic growth and human capital promote mutually, common development. In the conclusion part, according to the results of empirical analysis, from the angle of human capital on the economic growth of Chongqing city and puts forward some concrete suggestions.