[PDF] Human Capital Investment And The Regional Economic Gap In China eBook

Author : Yaling Li
Publisher : Springer Nature
Page : 247 pages
File Size : 49,19 MB
Release : 2023-10-31
Category : Business & Economics
ISBN : 9819949971

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According to the neoclassical growth theory and the endogenous growth theory, changes in the stock of capital and labor affect economic growth rates in the short run, and differences in human capital stocks are likely to affect total factor productivity directly and long-term economic growth rates indirectly. Therefore, human capital is a factor in the secular trends of regional economic gaps. In this study, the author examines the relationship between regional economic disparities and the country’s human capital stocks and structure in China between 1990 and 2015, a period of economic transformation in the country. Available empirical evidence supports the argument that boosting investment toward and optimizing the spatial distribution of human capital can help mitigate regional economic disparity and facilitate balanced and coordinated economic development across the country.

Author : Yang Du
Publisher :
Page : 23 pages
File Size : 13,35 MB
Release : 2002
Category : China
ISBN :

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The main purpose of this paper is to focus on the impacts of investment in human capital on the economic growth and regional disparities. This paper makes sense in both empirical analysis and in practical respects because, so far, little detailed empirical research including such long provincial time series used in this paper in China. And the results of this paper are also of policy implications on how to narrow the regional gap and on how to propose a more efficient strategy of investments in human capital.

Author : yi zhang
Publisher :
Page : 0 pages
File Size : 23,66 MB
Release : 2022
Category :
ISBN :

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China's economic development has advanced from a high-speed to a high-quality growth stage in recent years. The optimization and upgrading the economic structure require high-quality human capital to support an innovation-driven economy. In this paper, a general equilibrium model of human capital (Xiang and Yeaple, 2018) is applied to estimate the cognitive and non-cognitive human capital productivity based on Chinese provincial-level macro-data and individual labor's micro-data from 2008 to 2017. The weighted power mean of cognitive and non-cognitive productivities helps calculate the provincial level human capital quality index (HCQI), which provides a realistic estimate of human capital quality. We find that the improvement of the HCQI leads to convergence in economic growth in China's provinces. HCQI can help explain the differences in economic growth levels in different regions of China. Our study provides a constructive step in understanding cognitive and non-cognitive abilities and HCQI in China, which could help guide education investment policy in China and its provinces.

Author : Gordon Guoen Liu
Publisher : World Scientific
Page : 422 pages
File Size : 16,58 MB
Release : 2010-04-15
Category : Business & Economics
ISBN : 9814471097

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This book is a reflection of the current research that explores the mechanism, dynamics and evidence of the impact of human capital on economic development and social well-being in modern China. Composed of keynote speeches and selected papers from The 2005 International Conference of the Chinese Economists Society (www.china-ces.org), it tracks the latest understanding and empirical evidence of the relationships amongst health, education and economic development in China. The book presents a broad spectrum of study topics covering human capital and economic growth; demand, attainment and disparity in both education and health; and investing in human capital and the economic and social returns in China. Distinguished contributors include Robert Fogel, Michael Grossman, Daniel Hamermesh, Gregory Chow and Dean Jamison.

Author : Belton M. Fleisher
Publisher :
Page : 56 pages
File Size : 20,22 MB
Release : 2015
Category :
ISBN :

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We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth patterns can be understood as a function of several interrelated factors, which include investment in physical capital, human capital, and infrastructure capital; the infusion of new technology and its regional spread; and market reforms, with a major step forward occurring following Deng Xiaoping's quot;South Tripquot; in 1992. We find that FDI had much larger effect on TFP growth before 1994 than after, and we attribute this to emergence of other channels of technology transfer when marketization accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of its direct contribution to production, educated labor has a much higher marginal product. Moreover, we estimate a positive, direct effect of human capital on TFP growth. This direct effect is hypothesized to come from domestic innovation activities. The estimated spillover effect of human capital on TFP growth is positive and statistically significant, which is very robust to model specifications and estimation methods. The spillover effect appears to be much stronger before 1994. We conduct cost-benefit analysis and a policy quot;experiment,quot; in which we project the impact increases in human capital and infrastructure capital on regional inequality. We conclude that investing in human capital will be an effective policy to reduce regional gaps in China as well as an efficient means to promote economic growth.

Author : Shenggen Fan
Publisher : Routledge
Page : 273 pages
File Size : 33,10 MB
Release : 2009-04
Category : Business & Economics
ISBN : 1135972257

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As regional inequality looms large in the policy debate in China, this volume brings together a selection of papers from authors whose work has had real impact on policy, so that researchers and policy makers can have access to them in one place.

Author : Ligang Song
Publisher : ANU Press
Page : 495 pages
File Size : 14,66 MB
Release : 2017-07-20
Category : Business & Economics
ISBN : 176046130X

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China’s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year’s book elucidates key present macroeconomic challenges facing China’s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China’s economy. The book explores the development of human capital as the foundations of China’s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China’s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China’s economic growth, and China’s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.

Author : Mary-Françoise Renard
Publisher : Edward Elgar Publishing
Page : 368 pages
File Size : 35,72 MB
Release : 2002-01-01
Category : Business & Economics
ISBN : 9781843765523

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In 20 years of reform in China, the key development has been the opening-up of the market to foreign trade and international investment.

Author : Guanghua Wan
Publisher : Oxford University Press on Demand
Page : 236 pages
File Size : 45,30 MB
Release : 2008-04-03
Category : Business & Economics
ISBN : 0199535191

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This volume provides comprehensive, up to date coverage of inequality and poverty issues in China. Going beyond standard data sources and using state-of-art research techniques, this volume substantiates a number of findings and conclusions and ensures policy recommendations are reliable and robust.