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2019•Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)Open access

Analysis of the Contribution Rate of Human Capital Investment to Economic Growth in Shandong Province

Xiulin Ji, Shi M

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Abstract

This paper discusses the impact of human capital investment on economic growth in Shandong Province.Through empirical research, it is found that the material capital stock is still the main factor driving the economic growth of Shandong Province.The increase of human capital stock in primary school, junior middle school and senior high school education has a significant positive effect on economic growth, while the increase of human capital stock in general higher education has a negative contribution.The reason for this phenomenon may be the brain drain caused by the "big province of college entrance examination".Therefore, we should take active measures to attract and retain talents.1.

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What this paper is about

This paper discusses the impact of human capital investment on economic growth in Shandong Province.Through empirical research, it is found that the material capital stock is still the main factor driving the economic growth of Shandong Province.The increase of human capital stock in primary school, junior middle school and senior high school education has a significant positive effect on economic growth, while the increase of human capital stock in general higher education has a negative contribution.The reason for this phenomenon may be the brain drain caused by the "big province of college entrance examination".Therefore, we should take active measures to attract and retain talents.1.

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Available abstract

This paper discusses the impact of human capital investment on economic growth in Shandong Province.Through empirical research, it is found that the material capital stock is still the main factor driving the economic growth of Shandong Province.The increase of human capital stock in primary school, junior middle school and senior high school education has a significant positive effect on economic growth, while the increase of human capital stock in general higher education has a negative contribution.The reason for this phenomenon may be the brain drain caused by the "big province of college entrance examination".Therefore, we should take active measures to attract and retain talents.1.

Key concepts: Investment (military), Human capital, Economics, Business, Economic system, Economic growth, Political science, Law

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