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An Empirical Analysis of Human Capital and Economic Growth in Henan

LI Xue-fen

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Abstract

Based on the Lucas model(namely the outside endogenous model of the human capital) and regression analysis,this article computed the prouduction elasticity of capital stock,human capital stock and per human capital stock,and then,computed the direct and indirect contribution rate to economic growth of Henan during the year of 1978—2005.It showed that the investment of the human capital shoud be strengthened;especially the investment in education should be increased.

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What this paper is about

Based on the Lucas model(namely the outside endogenous model of the human capital) and regression analysis,this article computed the prouduction elasticity of capital stock,human capital stock and per human capital stock,and then,computed the direct and indirect contribution rate to economic growth of Henan during the year of 1978—2005.It showed that the investment of the human capital shoud be strengthened;especially the investment in education should be increased.

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Available abstract

Based on the Lucas model(namely the outside endogenous model of the human capital) and regression analysis,this article computed the prouduction elasticity of capital stock,human capital stock and per human capital stock,and then,computed the direct and indirect contribution rate to economic growth of Henan during the year of 1978—2005.It showed that the investment of the human capital shoud be strengthened;especially the investment in education should be increased.

Key concepts: Human capital, Economics, Capital deepening, Stock (firearms), Physical capital, Investment (military), Endogenous growth theory, Capital intensity

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