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The Analysis of Human Capital for Economic Development in Hebei Province

Author: WangWenJun
Tutor: LiuWenLong
School: Northeastern University
Course: International Trade
Keywords: economic growth material capital human capital industrial structure of human capital
CLC: F249.27
Type: Master's thesis
Year: 2009
Downloads: 37
Quote: 0
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Abstract


The headspring of economic development is an everlasting topic in economic field, and economists have researched the economic development by constantly exploring it. The conceptions which ascribe the economic development to money-capital, material capital and amount of labor force have become obsolete, while human capital has been thought as the important factor for economic development. The rapid development of Internet and technology has brought fiercely competitions among the world and and people pay more and more attention to the human capital, for it can take knowledge and technology.Since the implement of the reform and open policy, Hebei province makes a great progress in the economic structure, and the macroeconomic environment was improved. But with the advent of the era of knowledge economy, Hebei Province has a relatively backward. And now Hebei province is facing the important historical opportunity:"Beijing-Tianjin-Hebei Metropolitan Area "," Circum-Bohai economic circle"and"coastal economic uplift", and hoping make a huge progress under the help of human capital.Based on the Model of human capital externalities, the paper analuses the effect of human capital to the economic growth in Hebei province by chooseing the date of huaman capital and material capital between 1978 and 2007.At first the paper introduces the concept the huaman capital and the background, and sums up the research results of the human caiptal theories and models both in and out home. Besides, the part introduces the nature, the formation of channels and the measurement methods of huamn capital, which established the theory premise and the basis of this paper.And then the demonstration of this paper is based on the actuality of Hebei. According to caculate the date about the material capital and huaman capital, the part make a test and causal analysis, and find there is a long-term stability relationship among the factors and economic. And on the basis, estimated the contrbution to the economic growth by emporical method.Finally according to the above theory and empirical analysis results, combined with the present condition of development and the human caipital, the paper presents the suggestion on how to take advantage of the human capital to achieve a rapid economic growth in Hebei province.

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CLC: > Economic > Economic planning and management > Labor Economics > Countries in the world of labor economic profile > China > Local labor and economic
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