Human Capital And Economic Growth In China

When researching the subject of economic growth, western economists imported the theory of human capital and built lots of production function models for accounting human capitals since the 1960's. Because the 21th century is a era of knowledge-driven economy, investment on human capitals plays a important role on economic growth and the concept of it has been extensively accepted. As a developing country, the regional discrepancy and human capital stock in china is very serious. So, economic development situations are quite different when it comes to different regions.Asking for references from domestic and foreign achievements fully, this paper collected the corresponding data and analyzed the relationship of economic growth and human capital by reconciling descriptive statistic and econometric analysis methods. We first drew a total regression on the data of 30 regions from 1997 to 2005 and find that material capital elasticity of economic growth has a tendency of decline. Wile the human capital elasticity of economic growth showed a strong volatility. Then our research was focused on how human capital was influenced by economic growth among the four major part of China. The conclusion is. the human capital elasticity of economic growth in coastal areas, central areas and western areas of China increases when time goes by. When it comes to northeast areas, it is quite another situation: discrepancies do exist among regions, but do not exist among these years. Finally, based on the former analysis, we put forward some corresponding proposals.