Research On The Relationship Between Advanced Human Capital Structure And Economic Growth

with the economic development into the "new normal" and the "supply side" reform to promote.In the past,the pattern of vigorous development of labor-intensive industries and excessive reliance on material capital and labor input is facing a transformation.In addition,first of all,in terms of population,the emergence of lewis turning point,the increasing degree of social aging,the past advantage in the labor force gradually disappeared;Secondly,there is a global trend of shortage of energy and resources.The economy faces a difficult choice to shift momentum.Since the 1960 s,around the issue of economic growth,many scholars have shown that human capital is the key to solving all these problems.The characteristics of human capital owners that are different from traditional factors of production will not only directly promote economic growth,but also act on other factors of production,increasing their marginal product and eliminating the tendency of diminishing marginal revenue.In addition,human capital,with its unique knowledge and skills,can not only simply drive economic growth,but also promote the upgrading of industrial structure and narrow regional differences,which is of great significance for a country(region)to complete economic transformation.After sorting out the relevant domestic and foreign research literature,this paper defines the concepts of human capital and the upgrading of human capital structure,and summarizes the development process of human capital thought.On this basis,panel data of 30 regions except Tibet from 1998 to 2017 were selected for empirical analysis.Based on the estimation of dynamic panel model,the quantitative relationship between the upgrading of human capital structure and economic growth is obtained.The empirical results show that :(1)the degree of upgrading of China’s human capital structure has a significant positive effect on economic growth.(2)the elasticity of regional infrastructure level to economic growth is 0.65,and the elasticity of human capital to economic growth is greater than that of physical capital.(3)the impact of per capita fdi on economic growth is consistent with the relationship between human capital capital structure and economic growth,which is also positive.However,its elasticity to economic growth is only 0.03,which is less than the impact of human capital structure.So increase the investment in education,optimize the structure of education;To accelerate the transition from low-level human capital to high-level human capital;Strengthening the system guarantee,creating an environment to attract talents to improve the level of human capital and promoting the upgrading of human capital structure are of great practical significance to the sustained and stable development of the economy.