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
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Authors
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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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.
Keywords
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
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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