Transition Path of Industrial Structure Based on Contribution of Human Capital——An Empirical Analysis of Guangdong as an Example
Peng Di-yun
Abstract
Peng Di-yun
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.
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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