In addition to the direct productivity effect, public capital also has an indirect effect on private capital stock and labor input. This paper offers an evaluation of both the direct and indirect effects of Chinese pu...In addition to the direct productivity effect, public capital also has an indirect effect on private capital stock and labor input. This paper offers an evaluation of both the direct and indirect effects of Chinese public capital by applying a trans-log aggregate production function including public capital stock to a panel of regional data from 1986-2009. Moreover, we calculate the impact of public capital on regional total factor productivity （TFP） performance by introducing a system GMM estimation. The results show that the output elasticity of Chinese public capital stock is significantly positive, but decreasing year on year, and public capital is found to be a substitute for labor but complementary to private capital input. Finally, public capital has a significant positive effect on regional TFP performance.展开更多
This paper points out that one of the main reasons for income gap between urban and rural areas in china is difference of human capital reserve on education which are decided by Chinese government＇s urban area privil...This paper points out that one of the main reasons for income gap between urban and rural areas in china is difference of human capital reserve on education which are decided by Chinese government＇s urban area privileged policy and the current education system. This paper also compares the different human capital reserve in two area, and analyzes the under-qualified human capital reserve in rural areas is resulted by these following reasons： The shortage of public spending in compulsory education for several decades has contributed to low school attendance and the great illiteracy beyond urban areas; the inefficient educational system has caused peasants to lose interest in education; No support for adult education has closed the doors for adults to earn money in non-agricultural industries. Vocational schools cannot attract the huge number of potential customers since their curricula and skills are out of date. As policy suggestions, governments should invest enough money in compulsory rural education, and creating a pragmatic rural education system is also vital.展开更多
文摘In addition to the direct productivity effect, public capital also has an indirect effect on private capital stock and labor input. This paper offers an evaluation of both the direct and indirect effects of Chinese public capital by applying a trans-log aggregate production function including public capital stock to a panel of regional data from 1986-2009. Moreover, we calculate the impact of public capital on regional total factor productivity （TFP） performance by introducing a system GMM estimation. The results show that the output elasticity of Chinese public capital stock is significantly positive, but decreasing year on year, and public capital is found to be a substitute for labor but complementary to private capital input. Finally, public capital has a significant positive effect on regional TFP performance.
文摘This paper points out that one of the main reasons for income gap between urban and rural areas in china is difference of human capital reserve on education which are decided by Chinese government＇s urban area privileged policy and the current education system. This paper also compares the different human capital reserve in two area, and analyzes the under-qualified human capital reserve in rural areas is resulted by these following reasons： The shortage of public spending in compulsory education for several decades has contributed to low school attendance and the great illiteracy beyond urban areas; the inefficient educational system has caused peasants to lose interest in education; No support for adult education has closed the doors for adults to earn money in non-agricultural industries. Vocational schools cannot attract the huge number of potential customers since their curricula and skills are out of date. As policy suggestions, governments should invest enough money in compulsory rural education, and creating a pragmatic rural education system is also vital.
