Research on the Economic Development Effect of Human Capital Investment
Humanities and Social Sciences
Volume 8, Issue 2, March 2020, Pages: 73-77
Received: Mar. 11, 2020; Published: May 29, 2020
Views 93      Downloads 82
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
Article Tools
Follow on us
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.
Human Capital, Investment Efficiency, Regional Economic Development, Model Analysis, Nfluence Factor
To cite this article
Shan Song, Huiliang Zhang, Ke Gao, Research on the Economic Development Effect of Human Capital Investment, Humanities and Social Sciences. Vol. 8, No. 2, 2020, pp. 73-77. doi: 10.11648/j.hss.20200802.14
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Yu Yin, Yin Qingshuang. Identification and pricing of human capital investment efficiency and risk in capital market [J]. Research on financial issues, 2018 (11): 114-121.
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.
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.
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.
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).
TSAI C L, HUNG M C, HARRIOTT K. Human capital composition and economic growth [J]. International Journal of Social Economics, 2010, 99 (1).
Chang Qingqing, Zhong Weizhou. Empirical Study on the threshold effect of Internet, human capital and technological innovation [J]. Statistics and decision making, 2018, 34 (24): 101-104.
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).
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.
Bai Yong, Ma Yueru. Empirical analysis on the efficiency of human capital investment and its influencing factors in China [J]. Statistics and decision, 2013 (14).
Gao Qiang, Xu Hanxiao, Li Xianbao. Research on the factors influencing the efficiency of rural human capital investment in China [J]. World agriculture, 2018, 475 (11): 219-226.
Gary S. Becker. Human capital: a theoretical and empirical analysis of education in particular [M]. Trans. Liang Xiaomin, Beijing: Peking University Press, 1987: 1.
Data source: China Statistical Yearbook 2007-2017.
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.
Zhang Xueliang, Chen Jianjun, Wei Wei, fan Jianyong, Mao Yanhua. Accelerating the development of regional integration in the Yangtze River Delta [J]. Regional economic review, 2019 (2).
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186