Empirical Study on Human Capital and Economic Growth in Sichuan

This article clarified the important role of level of human capital on economic growth from the perspective of human capital externality effect. This article selected Lucas' human capital overflow model,collected and calculated the data of Sichuan province in 1978-2010GDP,fixed assets investment,human capital stock and the average education years. We used the ADF unit root test, Granger causality test,co-integration analysis and error correction model to carry on the empirical research. Results show that the growth rate of human capital is above the level of the human capital growth,but the contribution rate of human capital level is higher than the contribution of human capital stock. That is to say,laborer quality improvement of the effect on economic growth is significantly higher than the increase in the number of workers of the effect on economic growth.