Research On The Role Of Human Capital To Economic Growth In China

This article mainly discussed the relationship between human capital and economic growth, especially the relationship between human capital and the economic growth of China.Since reformation and opening of our country in 1978, the speed of economic growth is great. And all of the world pays much attention to Chinese progress. Theory of western new-economic growth and the theory of human capital have proved that the human capital is the basic factor of economic growth in western developed country and newly industried country, and the investment and accumulation of human capital is the base of the sustainable economic growth, What's the relationship between human capital and Chinese economic growth? This article summarized the achievement about the theory of human capital and economic growth, and put forward that human capital is the capital of investment on human. Then, from human capital's factor function and knowledge and external effect analyze effect on economic growth.Drawing the method of econometric analysis, comparative dynamic analysis, empirical and functional analysis, this article analyzed the time series of human capital and GDP of China since 1978, tested the causationship and cointegrationship between them and put forward error correction mechanism .The conclusion is following:Human capital greatly contributes to economic growth of China, but it isn't the...