The empirical study of the China human capital's influence on the economic growth
Xuhui Wang
Abstract
Xuhui Wang
Abstract
This article has estimated the human capital stock and the physical capital stock in our country during 1978-2006,and analyzed the influence of China human capital on the economic growth by using modern quantitative method.The analysis results indicated there are the long-run balanced relationship among the China's GDP,physical capital and human capital;the contribution of human capital stock to our country economic growth is 9.6%;the human capital stock is obviously Granger reason to the change of the physical capital as well as the change of GDP.
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This article has estimated the human capital stock and the physical capital stock in our country during 1978-2006,and analyzed the influence of China human capital on the economic growth by using modern quantitative method.The analysis results indicated there are the long-run balanced relationship among the China's GDP,physical capital and human capital;the contribution of human capital stock to our country economic growth is 9.6%;the human capital stock is obviously Granger reason to the change of the physical capital as well as the change of GDP.
Key concepts: Physical capital, Capital deepening, Human capital, Economics, Financial capital, Capital intensity, Capital formation, Economic capital