Northeast China’s Economic Effects Of Human Capital Research

Since China put forward the strategy of "revitalizing the northeast old industrialbase, the construction of the Northeast market economic system and improve theoptimization of industrial structure and economic growth is an important researchtopic academia widespread concern. Northeast old industrial base born out of theplanned economic system under heavy form of economic development, which makesthe Northeast has the resources and technological advantages, but with China’s rapideconomic development and the knowledge economy era, the Northeast economysignificantly behind the development of the system construction and optimization ofindustrial structure in the eastern developed regions, the Northeast economicrevitalization of the main shackles and to a certain extent.Modern economic growth theory that human capital as an important source forpromoting economic growth, not only has the role of endogenous factors ofproduction in general, also has other factor productivity externality. Huge economiceffects of human capital, strong evidence to explain the mystery of economic growth,but also fit the era of knowledge economy knowledge, talent realistic background rolein promoting economic development. A new economic growth theory, taking intoaccount the internal and external economic effects of human capital, a detailed studyand to explore the impact of China’s northeastern region of human capital foreconomic development.This study mainly focused on two aspects: First, the Northeast regional stock ofhuman capital, structure and utilization analysis; two northeast quantitative studies ofthe effects of human capital, economic, including the output elasticity of humancapital to output the contribution rate and external effects. Studies have shown that theNortheast region, the average years of education were significantly higher than the national average, the human capital Gini coefficient showing a declining trend, higherhuman capital structure of the balance. The low number of the use of human capital ofthe Northeast, high-level human capital is underutilized, the state-owned humancapital utilization efficiency is not high, a serious brain drain, to some extent limit theeconomic effect of human capital. Jilin and Heilongjiang, the output elasticity ofphysical capital than human capital, the output elasticity of physical capital ofLiaoning Province, less than human capital. Human capital of different types ofeducation, junior high school and undergraduate education, type of human capital onthe highest contribution to economic growth rates, Heilongjiang Province, below thenational average. Junior high school and undergraduate education, types of humancapital contribution rate of economic growth, higher output, mainly due to thesuccessful popularization of compulsory education and the constant expansion ofundergraduate education. Although the human capital of the northeastern region isvery clear contribution to economic growth, but the low proportion of the type ofhigh-level human capital and overall inefficiency and other issues are more prominent,thus further improving the institutional building and focused investment inhigh-quality education will not only be able to effectively promote the Northeasthuman capital distribution and optimization of industrial structure configuration, butalso to further expand the economic effect of human capital.