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- W2356760935 abstract "The human capital affects the economic growth in four aspects which include the output effect,the innovation effect,the absorption effect and the complementary effect. There are a lot of researches focusing on the existing of different effects,but the results are totally opposite because of their inadequacy views. We need construct a complete empirical framework to verify the reliability of previous conclusions,which will be conducive for us to accurately grasp how the human capital affects the economic growth in China.Based on the growth regression framework from Benhabib and Spiegel(2005) and MRW(1992),this paper puts the Neoclassical theory,New growth theory and Nelson-Phelps' technological catch-up theory into an empirical model,and tests all kinds of human capital effects by FGLS estimation method,within the Chinese provinces panel data from 1990- 2011,in order to accurately judge the important role of human capital in China's economic growth. Through the investigation of the spatial differences of human capital effect,this paper analyzes the influence of human capital on the regional disparities. The results tell us the total human capital effect is significantly positive. The complementary effect of human capital is the most significantly positive and the second significantly positive effect is the innovation effect and the output effect. But the absorption effect on domestic and international technology spillover effect is significantly negative,which illustrates that the total human capital effect will be underestimated,if all kinds of action mechanism of human capital on economic growth have not been fully considered. But due to the negative impact of the absorption effect,the underestimated degree is not reached theoretical expectation. In addition,all kinds of human capital effects in the central,western and northeast areas are significantly higher than that of the eastern areas. So we put forward to carry out the catching-up strategy calledAdjusting Human Capital Based on Technology,which will enhance the contribution of human capital on the economic growth." @default.
- W2356760935 created "2016-06-24" @default.
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- W2356760935 date "2014-01-01" @default.
- W2356760935 modified "2023-09-23" @default.
- W2356760935 title "Is the Total Effect of Human Capital in China Underestimated" @default.
- W2356760935 hasPublicationYear "2014" @default.
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