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Education, Human Resource, Economic Growth: Theory And Empirical Study

Posted on:2010-08-30Degree:DoctorType:Dissertation
Country:ChinaCandidate:X C LiFull Text:PDF
GTID:1117360272499137Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
Economic growth is the persistent theme in economics'study, especially in the causes of economic growth, the role and effectiveness of the mechanism, and the large amount of literature from various angles have been carried out in-depth analysis. And during China's 30 years of reform and opening, the growth of total economic output attracts worldwide attention, at the same time, there's the non-equilibrium development of different regions, and the urban and rural regions, the reality of this non-equilibrium is closely related to human capital formation, therefore, the study of China's economic growth from the human capital point of view is meaningful and important.From this perspective, this paper studied human capital's formation, measurement and the changes in total, and measured each province's human capital stock by using the income method and cost method, and given the various provinces'amount of human capital formation and their trends, and researched the link among human capital, education and economic growth, using panel data model and cluster analysis to classified the provinces in accordance with human capital and economic growth indicators, and studied the different types of growth mode and growth path, and finally, according to the empirical conclusions, gave the strategic analysis of human capital should be adopted in our country.The paper has three main parts within six chapters.The first part is introduction, chapters 1 and 2, it gives the theory of economic growth, and introduced literatures of the human capital-related research.Introduction gives the article's study background and significance, and introduces the research framework of this article.The first chapter is the economic growth theory's summary, first of all, introduced the sort of economic growth theory and ideology in detail, and further introduced the classical growth theory, neo-classical growth theory, and the theory of endogenous technological progress, gives the theoretical basis to follow-up study in this paper.Chapter 2 is the education and human capital formation, first of all, given the definition of capital, and given variety explanations and understandings on capital, and then given the meaning of human capital based on the definition of capital, research on the context and process of understanding the human capital, further given this article's understanding and the definition of human capital, and ultimately theoretically expatiated and analyzed the relationship between education and human capital formation, and gives two models of the relationship between education and economic growth.The second part is chapter 3, chapter 4 and chapter 5, which is the principal part and core content of this. First of all, the article gave the method of measurement of human capital, and measured China's human capital stock and flow by using income method and cost method, and used the results of estimation to study association among these results, economic growth and education indicators.Chapter 3 is the human capital calculation methods. First of all, given the characteristics of human capital, and based on a better understanding of the characteristics of human capital, summed up the measure methods of human capital, including revenue-based approach, education approach, competency-based methods and methods of integration, in order to provide a measure of human capital method.Chapter 4 estimated China's human capital by using revenue and cost method. First of all, given typical characteristics and fact of China's human capital, further using cost and income methods, respectively measured the human capital stock and flow, and studied in national data and various provinces respectively, and received the national human capital data and the human capital data of various provinces.The analysis according to the results of measurement shows that from the stock point of view, China's growth rate of human capital stock is far less than the growth rate of physical capital, which shows that human capital investment is still not to be the relative importance, but also the investment in human capital can not be more effective in promoting economic growth comparing physical capital; from the flow point of view, in our country's human capital formation process, the investment in education is main part, and R & D cost share is too small. In addition, human capital is far less important than the material capital, economic development and economic growth mode are still more dependent on physical capital investment rather than investment in human capital.Chapter 5 is the relationship among investment in education, human capital and economic growth. Using human capital stock data from chapter 4, the paper classified various regions in China, and further gave the education indicators of various regions, with introducing the economic growth indicators, carried cluster analysis by using three types of indicators. Firstly, all provinces are divided into similar categories, and for each category, it researches the transmission mechanism of education on human capital formation, and study the transmissions of human capital and education investment into economic growth.The result of cluster analysis shows that, in accordance with human capital, education and economic growth indicators, the country can be divided into six categories, the first category includes Beijing, Tianjin and Shanghai, the second category is Guangdong, Jiangsu, Zhejiang and Shandong, the third type is Chongqing, the fourth category is Hebei, Liaoning, Anhui, Henan, Hubei, Hunan, Sichuan, the fifth category is 15 provinces including the north-eastern regions of Jilin and Heilongjiang, and mainly is western regions, and Tibet is a category of its own.From the results of education and human capital associated model, the shorter number of years of education is the constraints of our human capital formation, therefore, to increase investment in education, to expand the scope of education, to improve the level of education, and to increase number of years of education are important. The estimated results by using per value show that the increase in per number of years of education has a greater role in the increase of the stock of per human capital.From the results of connection between education and economic growth, per number of years of education's increase has more effect on the increase in per GDP than the increase in overall, obviously, China's relatively low level of education, and increasing educational investment, expanding the scope of education, and increasing the number of years of education are necessary measures.From the results of associated model of human capital and economic growth, China's the problem of great amount of labor population within low quality, at the same time, the utilization efficiency of human capital is very low, therefore, improving the human capital efficiency, and enhancing the quality of the workforce are the key factors in economic growth.The third part is the sixth chapter, which using empirical results and our country's reality, given the development strategy of human capital. This article concluded that: increasing educational investment, optimizing the education structure, supporting the R & D and innovation, and personnel training are serious problems in our country, and increasing educational investment needs to increase government expenditure on education, encourage the community school, take full advantage of the development of information technology to improve the level of education; optimizing the educational structure should be mainly from the development of vocational education, focusing on corporate training and quality education, to promote the rationalization of the structure of education; to support R & D and innovation should be from the perspective of improving the national innovation system, promoting human resources flow and other aspects, and introducing personnel reasonably, so as to further promote the long-term stability of China's economic development.
Keywords/Search Tags:Education, Human Resource, Economic Growth
PDF Full Text Request
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