An Empirical Study on Human Capital and Hebei Economic Growth

This paper assesses the contribution rate of Human Capital and tests its long-term effect on economic output by analyzing the data about Hebei from 1978 to 2002. The conclusion manifests that the rate that Human Capital contributes to the economic growth is significantly positive, especially, the specialization's human capital plays a more important role in the economic growth than the ordinary human capital does; but in long term, the current level of human capital is still low since human capital growth did not keep the same pace with labor growth, so Human Capital doesn't have long-term effect on the economic growth.