2012•Journal of Nanchang UniversityRequires access

Transition Path of Industrial Structure Based on Contribution of Human Capital——An Empirical Analysis of Guangdong as an Example

Peng Di-yun

Open publisher page 0 citations

Abstract

Industrial structure will change into 321 from 231 with the transformation from Marx to Kuznets growth.The aggregation of human capital has had a rapid growth and the composition has been optimized since the reform and opening up in China.However,physical capital is still the dominant driving force to economic growth,especially to the secondary industry;and the contribution of human capital is on decline.Elementary human capital is the primary driving force or a significant variable to the growth of primary industry or the third industry,and the skilled human capital shows a significance gradually to the secondary industry.The economic growth of China belongs to the Marx based on capital accumulation distinctly.Therefore the transition path of industrial structure should be as follows:accelerating the change of the mode of economic growth from physical capital drive to human capital drive to bring about innovation drive development,vigorously developing modern agriculture to quicken the modernization of agriculture,speeding up the conversion of the secondary industry from labor-intensive to capital-intensive and technology intensive to promote industrial upgrading,and converting the leading industry of the third industry from traditional service into modern service to achieve modernization and internationalization gradually.

About this research paper

What this paper is about

Industrial structure will change into 321 from 231 with the transformation from Marx to Kuznets growth.The aggregation of human capital has had a rapid growth and the composition has been optimized since the reform and opening up in China.However,physical capital is still the dominant driving force to economic growth,especially to the secondary industry;and the contribution of human capital is on decline.Elementary human capital is the primary driving force or a significant variable to the growth of primary industry or the third industry,and the skilled human capital shows a significance gradually to the secondary industry.The economic growth of China belongs to the Marx based on capital accumulation distinctly.Therefore the transition path of industrial structure should be as follows:accelerating the change of the mode of economic growth from physical capital drive to human capital drive to bring about innovation drive development,vigorously developing modern agriculture to quicken the modernization of agriculture,speeding up the conversion of the secondary industry from labor-intensive to capital-intensive and technology intensive to promote industrial upgrading,and converting the leading industry of the third industry from traditional service into modern service to achieve modernization and internationalization gradually.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Industrial structure will change into 321 from 231 with the transformation from Marx to Kuznets growth.The aggregation of human capital has had a rapid growth and the composition has been optimized since the reform and opening up in China.However,physical capital is still the dominant driving force to economic growth,especially to the secondary industry;and the contribution of human capital is on decline.Elementary human capital is the primary driving force or a significant variable to the growth of primary industry or the third industry,and the skilled human capital shows a significance gradually to the secondary industry.The economic growth of China belongs to the Marx based on capital accumulation distinctly.Therefore the transition path of industrial structure should be as follows:accelerating the change of the mode of economic growth from physical capital drive to human capital drive to bring about innovation drive development,vigorously developing modern agriculture to quicken the modernization of agriculture,speeding up the conversion of the secondary industry from labor-intensive to capital-intensive and technology intensive to promote industrial upgrading,and converting the leading industry of the third industry from traditional service into modern service to achieve modernization and internationalization gradually.

Key concepts: Human capital, Modernization theory, Tertiary sector of the economy, Capital deepening, Economic system, Capital (architecture), Secondary sector of the economy, Economics

Related papers

Back to paper searchBrowse research topicsOriginal source
Transition Path of Industrial Structure Based on Contribution of Human Capital——An Empirical Analysis of Guangdong as an Example — Research Paper | ScholarLens