Human Capital Investment In Education Contributes To Economic Growth And Effect Analysis

The relation between human capital, educational investment and economic growth has been a worthy concerned and studied problem. Whether the human capital is advantageous to the economic growth or not, whether the financial education investment structure is reasonable, whether the financial education investment to the economic growth will produces influence? For resolving the problem above-mentioned, this text began from the calculation of the human capital contribution to the economic growth, then analyzed the effect and influence of the financial education investment to the economic growth.This text processed the time series data (1979-2003), and established the corresponding economic model, then carried on a test. With the year data processing of the educational investment, we converted the flux of the educational investment to the saved quantity, and considered the depreciation of the investment quantity, assessed and decide a stage depreciation rate, then computed the contribution rate of the human capital of the education investment formation to the economic growth. We used Cointegration-Test method for investigating the long-term balanced relation between the educational investment and the economic growth. At the and, we tried to apply a dynamic econometric theories, set up Vetor -Autoregression function and Impulse-Response function, researched the dynamic influence and the impact effect of the financial education investment structure to the economic growth.From the substantial analytical conclusion, we see: Firstly, in our country's economic growth, investment in education is more worthwhile than in the fixed assets. Because of the human capital and the economic growth' s non-existent long-term balanced relation, we explain that the educational investment structure exists a certain unreasonable problem. Secondly, the financial education investment structure also need adjust. The educational basic architectural investment has more remarkable function to economic growth than other parts, and we need to adjust the existing unreasonable educational investment structure gradually. Thirdly, the educational investments both have a lag of 1-2 years to GDP, and gradually reduce, but the continuous time is longer. In consideration of these characteristicses of those financial education investment effects, government needs to choose the right moment of the policy implement according to different circumstances. Fourthly, the educational investment has comprehensive and various performances, and these performances will promote an economic development. The educational investment really has a social effect of repressing the population growth.