The Empirical Study On The Rate Of Contribution On Talent Capital In Guangdong Province

With the rise and development of the knowledge-based economy, the determinants ofeconomic growth and social progress are no longer the general human capital, but the talentcapital with the knowledge and skills. Guangdong Province, as a huge economic province inChina, which has made great contributions to China’s economic. However, our province’seconomic competitiveness ranked after Shanghai, Beijing, Jiangsu, and the quality of itseconomic growth was slow relatively. As the "double transfer" strategy in GuangdongProvince pushing forward, the attention on talent capital in Guangdong Province especiallythe Special Economic Zone and Pearl River Delta city, is also constantly increasing. In suchan important period, the research on Guangdong Province development status of talentcapital and the rate of contribution to economic growth，will contribute to a soundunderstanding of the situation and existed problems of the development of talent capital inGuangdong Province, and provide a basis reference for recommendations correctly.This paper, based upon the theory of human capital to economic growth at first，definesthe connotation and measure method of talent capital. And then it discusses the mechanismof the talent capital to economic growth in theory, and describes the calculation method onthe rate of contribution on talent capital. After that from the dimensions of period and area itstudies the development status of talent capital in Guangdong Province. At last, byconstructing the classification model of human capital, it makes some empirical researcheson the rate of contribution of the talent capital to the economic growth in GuangdongProvince each period, various regions. And the study results show that: the model ofeconomic growth, policies and institutions, the stock of talent capital have a significantimpact on the rate of contribution on talent capital. In other similar circumstances, favorablepolicies and systems, high stock of talent capital can increase the rate of contribution ontalent capital.The innovations of the present study lie in three aspects. Firstly, Schultz measurement isused to measure the stock of talent capital; Secondly, Panel Data Model is introduced tostudy the rate of contribution on talent capital in Guangdong province; Thirdly, this paperanalyzes the rate of contribution on talent capital to the economic growth in Guangdongprovince from lengthways and landscape orientations and makes some explanationsaccording to the development of talent capital.