Research on the Economic Development Effect of Human Capital Investment

Shan Song; Huiliang Zhang; Ke Gao

doi:doi:10.11648/j.hss.20200802.14

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Research on the Economic Development Effect of Human Capital Investment

Shan Song, Huiliang Zhang, Ke Gao

Published in Humanities and Social Sciences (Volume 8, Issue 2)

Received: 11 March 2020 Published: 29 May 2020

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Abstract

With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.

Published in	Humanities and Social Sciences (Volume 8, Issue 2)
DOI	10.11648/j.hss.20200802.14
Page(s)	73-77
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Human Capital, Investment Efficiency, Regional Economic Development, Model Analysis, Nfluence Factor

References

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[2]	Wang, Y., Yao, Y. Sources of China's Economic Growth 1952—1999: Incorporating Human Capital Accumulation [J]. China Economic Review, 2003, 14 (1): 32-52.
[3]	Fleisher, B., Li, H., Zhao, M. Q. Human Capital, Economic Growth, and Regional Inequality in China [J]. Journal of Development Economics, 2010, 92 (2): 215-231.
[4]	Lu Xinwen, Cheng Yi, Wang Miaomiao. Analysis of human capital investment efficiency and its influencing factors in the Yangtze River Delta urban agglomeration [J]. Journal of Jianghan University (SOCIAL SCIENCE EDITION), 2019, 36 (05): 91-100 + 128.
[5]	Li Yaqun, Duan Wanchun, sun Yonghe, et al. Identification and analysis of main influencing factors of human capital investment in underdeveloped areas [J]. Soft science, 2013 (6).
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[8]	Wu Yi Zhang, Rui Li. A study on the dynamic changes of the efficiency of all factors investment in human capital and the provincial differences [J]. Science and technology and economy, 2016 (1).
[9]	Li Ping, Zhang Liu, pan Hongyan. An Empirical Study on the impact of regional differences in human capital investment on income [J]. Nandu academic circle, 2019, 39 (01): 108-115.
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[12]	Gary S. Becker. Human capital: a theoretical and empirical analysis of education in particular [M]. Trans. Liang Xiaomin, Beijing: Peking University Press, 1987: 1.
[13]	Data source: China Statistical Yearbook 2007-2017.
[14]	Du Peng. The impact of government education expenditure on per capita GDP: An Empirical Analysis Based on OECD countries [J]. China's collective economy, 2018 (32): 42-43.
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Shan Song, Huiliang Zhang, Ke Gao. (2020). Research on the Economic Development Effect of Human Capital Investment. Humanities and Social Sciences, 8(2), 73-77. https://doi.org/10.11648/j.hss.20200802.14

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ACS Style

Shan Song; Huiliang Zhang; Ke Gao. Research on the Economic Development Effect of Human Capital Investment. Humanit. Soc. Sci. 2020, 8(2), 73-77. doi: 10.11648/j.hss.20200802.14

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AMA Style

Shan Song, Huiliang Zhang, Ke Gao. Research on the Economic Development Effect of Human Capital Investment. Humanit Soc Sci. 2020;8(2):73-77. doi: 10.11648/j.hss.20200802.14

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@article{10.11648/j.hss.20200802.14,
  author = {Shan Song and Huiliang Zhang and Ke Gao},
  title = {Research on the Economic Development Effect of Human Capital Investment},
  journal = {Humanities and Social Sciences},
  volume = {8},
  number = {2},
  pages = {73-77},
  doi = {10.11648/j.hss.20200802.14},
  url = {https://doi.org/10.11648/j.hss.20200802.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20200802.14},
  abstract = {With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.},
 year = {2020}
}

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TY  - JOUR
T1  - Research on the Economic Development Effect of Human Capital Investment
AU  - Shan Song
AU  - Huiliang Zhang
AU  - Ke Gao
Y1  - 2020/05/29
PY  - 2020
N1  - https://doi.org/10.11648/j.hss.20200802.14
DO  - 10.11648/j.hss.20200802.14
T2  - Humanities and Social Sciences
JF  - Humanities and Social Sciences
JO  - Humanities and Social Sciences
SP  - 73
EP  - 77
PB  - Science Publishing Group
SN  - 2330-8184
UR  - https://doi.org/10.11648/j.hss.20200802.14
AB  - With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.
VL  - 8
IS  - 2
ER  -

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Author Information

Shan Song

School of Public Finance and Tax, Central University of Finance and Economics, Beijing, P. R. China
Huiliang Zhang

Department of Accounting, Weifang Commercial College of Shandong, Weifang, P. R. China
Ke Gao

School of Social Sciences, Tsinghua University, Beijing, P. R. China

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Plain Text BibTeX RIS

APA Style

Shan Song, Huiliang Zhang, Ke Gao. (2020). Research on the Economic Development Effect of Human Capital Investment. Humanities and Social Sciences, 8(2), 73-77. https://doi.org/10.11648/j.hss.20200802.14

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ACS Style

Shan Song; Huiliang Zhang; Ke Gao. Research on the Economic Development Effect of Human Capital Investment. Humanit. Soc. Sci. 2020, 8(2), 73-77. doi: 10.11648/j.hss.20200802.14

Copy | Download

AMA Style

Shan Song, Huiliang Zhang, Ke Gao. Research on the Economic Development Effect of Human Capital Investment. Humanit Soc Sci. 2020;8(2):73-77. doi: 10.11648/j.hss.20200802.14

Copy | Download

@article{10.11648/j.hss.20200802.14,
  author = {Shan Song and Huiliang Zhang and Ke Gao},
  title = {Research on the Economic Development Effect of Human Capital Investment},
  journal = {Humanities and Social Sciences},
  volume = {8},
  number = {2},
  pages = {73-77},
  doi = {10.11648/j.hss.20200802.14},
  url = {https://doi.org/10.11648/j.hss.20200802.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20200802.14},
  abstract = {With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Research on the Economic Development Effect of Human Capital Investment
AU  - Shan Song
AU  - Huiliang Zhang
AU  - Ke Gao
Y1  - 2020/05/29
PY  - 2020
N1  - https://doi.org/10.11648/j.hss.20200802.14
DO  - 10.11648/j.hss.20200802.14
T2  - Humanities and Social Sciences
JF  - Humanities and Social Sciences
JO  - Humanities and Social Sciences
SP  - 73
EP  - 77
PB  - Science Publishing Group
SN  - 2330-8184
UR  - https://doi.org/10.11648/j.hss.20200802.14
AB  - With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.
VL  - 8
IS  - 2
ER  -

Copy | Download