Human Capital,Material Capital and Economic Growth——Based on Empirical Research on Chinese Data

This paper calculates the material capital Stock and the human capital Stock in China since 1978,and analyzes the dynamic relationship among human capital,material capital and economic growth in China.By using the model econometric methods,the vector auto-regression model,the long-term equilibrium and short-term equilibrium model are established.The result indicates that there is long-term equilibrium among human capital,Material Capital and GOP.