Research On The Impact Of Human Capital On Middle Income Trap

Since the reform and opening China's economy has maintained rapid development,in 2001 to enter the ranks of middle-income countries and in 2010 to enter the ranks of middle-income countries;At present,China's per capita GNI has more than 8,000 US dollars,is a critical period to be a high-income country.China's economy from 1978 to 2011 up to 32 years'time to maintain an average of nearly 10%growth rate,creating a miracle both of China and the world.Throughout the past three decades,China's rapid economic development has benefited from extensive economic growth,relying on a large number of labor,material capital and other factors of production investment brought about by the rapid economic growth.At present,China's economic growth has gradually declined,and various contradictions have become increasingly prominent and restricted economic growth.Internally,the loss of labor cost advantage,the shortage of resources and the deterioration of environment,the difficulty of industrial structure transformation and upgrading,and the imbalance of income gap are becoming more and more prominent.On the outside,the loss of comparati-ve advantage of export-oriented economy,trade protection policy of developed countries of the strengthening of energy resources for the intensification of countries such as frequent problems.China's economy,which is in a critical period of transition,is also attracting attention,and whether China will fall into the "middle-income trap" of countries such as Latin America and southeast Asia.This paper discusses the theory,connotation and current situation of the "middle income trap" by combing the literature research both at home and abroad,and finds out that the economic growth is driven by the lack of economic growth,which makes it difficult to cross the middle reaches of the middle income stage.That is,lack of economic growth momentum.This paper focuses on the economic growth problem under the "middle income trap",and explores the reasons for falling into the trap from different perspectives.The study finds that the economic growth of a country or region is mainly due to the economic growth mode adopted by it.Technological innovation is the key factor influencing the mode of economic growth.The fundamental and prerequisite of technological innovation lies in the factor of human capital,that is,the improvement of human capital level is China can get.rid of the "middle income trap" problem of key factors and driving force.From the perspective of human capital,this paper analyzes the mechanism of human capital's economic growth from the perspective of human capital,from the main five levels of human capital formation,namely,school education,on-the-job training,medical health,human mobility and scientific research investment mechanism analysis;Secondly,an extended MRW model is introduced from the empirical level,which introduces the human capital,material capital and population dependency ratio,and introduces the five levels of human capital into the model and carries on the data analysis respectively.According to the results of this analysis for our country at this stage of economic development to provide appropriate policies,it is recommended to improve the level of human capital to eliminate the constraints of economic development bottlenecks,so that our country can successfully cross the "middle income trap" to achieve sustainable economic growth.This paper is divided into six parts:The first chapter is the introductory part,which mainly introduces the research background and the research significance of the paper and the research ideas,methods and innovations of this paper.The second chapter reviews the status quo of"middle income trap" theory and its research status,human capital theory and human capital and middle income trap at home and abroad.This paper summarizes the current situation of "middle income trap" from four perspectives:income distribution,industrial structure,technological innovation and economic development model,and finds out that it neglects the relationship between human capital and economic growth.The third chapter analyzes the relationship between human capital and economic growth under the middle income traps,and finds that the improvement of human capital has a great effect on economic growth.And through the formation of human capital at the five levels of economic growth mechanism analysis,to explore how it acts on economic growth.In the fourth chapter,through the comparative analysis of the experience and lessons of the succession across the "middle income trap" on behalf of the country and Korea and the "middle income trap" on behalf of the country,Brazil,Malaysia,combined with China's reality,"Middle income trap" the possibility of danger.The fifth chapter uses the provincial panel data of our country to carry on the empirical test to the proposition of the third chapter,finds that the five levels of human capital formation are very significant to the economic growth,and through the regional influence difference can get the high level of human capital The role of economic growth is more significant.The sixth chapter summarizes the research results of the whole text,and links with the current social situation of our country.It provides practical and feasible policy suggestions for the smooth crossing of the "middle income trap" in our country.There are three main points:First,the school education,Health care,human mobility and scientific research into the five levels of the corresponding financial expenditure and institutional arrangements,the overall increase in human capital in the number of quality advantages.Second,adhere to the "production and research" the principle of combining the enterprise,school,scientific research three organic unity,the human capital into productive forces,promote rapid economic growth;the other hand,the effective economic growth will.promote schools,research and other institutions Of the development and bring the overall level of human capital to enhance.Third,to promote economic growth and other relevant aspects of the corresponding adjustments and arrangements.