Human Capital And Economic Growth Relevance Of Empirical Analysis Of Shandong Province

The new economic growth theory believes that the human capital is the impetus economic growth endogenous factor, has income incremental, the human capital is thought generally the economical sustained growth the fountainhead. Various countries development's fact powerfully has also proven the human capital in the economic growth influential role. Under scientific development concept eagerly anticipating, speeds up the industry restructure the step, the promotion total economy competitive power, studies the human capital, displays the human capital superiority, maintains to the Shandong Province economy grows fast with steady steps, has the vital significance.This article is mainly to do empirical analysis, reading the massive literature on the basis to human capital theory and the theory of economic growth, according to the data of relevant calendar year in Shandong Province, to estimate the volume for the 1986-2005 stock of fixed capital and human capital-to-deposit of Shandong Province, the use of econometric methods of testing, to do the stock of human capital variables with the variables of GDP time-series data related to testing, stability testing and co-integration test, Shandong Province, and establish an effective working model of human capital, it is estimated to calculates human capital for economic growth in the long-term and short-term effect, to measure the contribution rate in different educational levels of human capital for economic growth . Conclusion indicates that the human capital of Shandong Province and the existence of long-term economic growth have a balanced relationship between human capital for the promotion of growth of GDP in Shandong Province. The stock of human capital grows slowly, economic growth mainly depends on the part of the rapid growth of physical capital investment, human capital in the process of economic growth in Shandong was not obvious. Shandong Province in human capital for economic growth is not a significant role in promoting, contacting the status of human capital, from a higher level in Shandong Province to seek the stock of human capital and to improve the quality of the way, with a view to economic practice and application of reference value, to the better to promote a stable rapid development in Shandong Province.