Title :
Research on influence of human capital on the economy growth based on the extended solow model
Author :
Li De-huang ; Xia En-jun
Author_Institution :
Sch. of Manage. & Econ., Beijing Inst. of Technol., Beijing, China
Abstract :
Based on analyzing effluence factor of human capital and relationship between human capital and economic growth, We established a comprehensive measurement system of human capital on four dimensions which were education, labor retraining, physical and mental health of labor and the rational flow of labor; On this basis, the paper using sample data form statistical yearbook of 1990-2010, the measurement of comprehensive level of human capital by factor analysis, and then puts the result of human capital stock into expanded Solow model, combined with the latest demographic data of sixth census statistics. The research result shows that human capital and technology progress are becoming gradually key elements for economic growth in China; influence from the amount of labor was declining.
Keywords :
economic indicators; labour resources; statistical analysis; demographic data; economic growth; effluence factor; extended Solow model; factor analysis; human capital; human capital stock; labor retraining; mental health; physical health; rational labor flow; sixth census statistics; statistical yearbook; technology progress; Economics; Educational institutions; Elasticity; Investment; Sociology; Statistics; assessment system; economic growth; extended Solow model; human capital;
Conference_Titel :
Management Science and Engineering (ICMSE), 2013 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4799-0473-0
DOI :
10.1109/ICMSE.2013.6586463