Study On Differences In Income Effect Of Regional Investment In Human Capital

Reform and opening up,China’s economic growth rate to make theworld attention to this proposition,economic growth in recent years,continue to be in-depth study.With the advent of the era of knowledgeeconomy,research on economic growth,rose to state a new phase ofhuman capital on economic growth,more microscopic,accurate.China is aperformance in the social,political,economic,and cultural development ofthe country of the great non-equilibrium,the following derived from thephenomenon of fifty-five years of new China,compilation of historicaldata,data on the imbalance of China’s regional economic development toShow:GDP per capita indicator,the country’s31provinces,municipalitiesand autonomous regions in1978in Guizhou minimum of175yuan,theShanghai is up to2498yuan,the provinces, autonomous regions,thedifference of14.27times;2007the minimum and maximum is stillGuizhou and Shanghai,respectively,for6915yuan and66,376yuan.Although the decrease, but still9.59times the gap between the tworegions.Regional differences is significant is one of China’s basic nationalconditions and characteristics.The reason for human capital differences inregional income disparities deep-seated reasons,Unfortunately, in thepresent study on human capital,although some scholars on such issues beinvolved,they have recognized the role of human capital in regionaldevelopment,but these topics are still very weak, is still in The initial stage.The past, human capital,regional differences are mostly qualitativeanalysis,very few scholars start from the quantitative analysis.The article sort out and analyze the basis of the relevant literature onthe use of qualitative analysis methods to extract the human capitalinvestment should be three parts of the investment in education,health,investment,professional investors constitutes. Research index brokethrough only in the past, investment in education to measure theinvestment in human capital thinking set.Modern econometricmeasurement methods using the data of the three major economic zones,build revenue function model by adding interaction variables and laggedvariables, the use of panel data unit root test, cointegration test toexamine whether the per capita income and investment in education andhealth investment existence of long-term cointegration relationship;withthe Granger causality test investigated the short-term dynamicrelationship between the variables.Research model to determine themodel F-statistic test and the Hausman test,the final article using a fixedeffect model was used OLS regression to draw the regional human capitalinvestment rate of return.In addition,the lag effect of the regional health,education,investment income, compared and analyzed.On this basis,further estimated that the threshold of health human capital investment oneconomic growth.