The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in pop...The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in population age structure,the Chinese economy has moved from high-speed growth to high-quality development.In this setting,understanding factor endowment and comparative advantages of the economy from a perspective of human capital structure so as to enhance industrial structure adaptability by riding the trend is of significance for cultivating new driving force for economic development.This paper,following a theoretical paradigm of new structural economics,demonstrates how human capital structure matches industrial structure and the presence of optimal human capital structure using mathematical deduction.On this basis,national level panel data and instrumental variables are adopted for generalized method of moments,the results of which shows that there are varied impacts on economic growth in light of different human capital structure characteristics.The proportions of high-level human capital and medium-level human capital boost economic development,while that of low-level human capital has an inhibitory effect on economic growth.The policy implication of this study is that large economies should diversify efforts as per different human capital structure characteristics in terms of development need of tapping growth impetus from human capital structure improvement.It is of equal importance to raise the proportion of high and medium human capital in order to stimulate economic growth and to cut the proportion of low human capital that hinders economic development.展开更多
With the development of the times,the role of human capital in economic growth has been highlighted.However,in the current academic world,the research on the topic of demographic structure and human capital accumulati...With the development of the times,the role of human capital in economic growth has been highlighted.However,in the current academic world,the research on the topic of demographic structure and human capital accumulation is not closely integrated.China is now in a period of economic transformation and upgrading,and it is urgent to change the traditional economic growth model,increase human capital investment,and cultivate new growth momentum.Therefore,this paper examines the impact of China’s population structure on human capital accumulation by constructing a mathematical model based on relevant panel data of 31 provinces(municipalities and autonomous regions)from 2001 to 2020.The empirical results show that human capital accumulation in China has a certain lagging effect,while population age and urban-rural structure enhance human capital accumulation in both quantitative and qualitative terms,respectively.In addition,industrial transformation,economic growth level,and per capita income all have significant positive effects.The effect of education,on the other hand,is not significant,while the interaction between urbanization and industrial structure may hurt it.Based on this,this paper proposes targeted countermeasures and suggestions in terms of fully developing the population quality dividend,fully tapping the talent knowledge dividend,continuously improving the health dividend,and continually tapping the aging dividend.展开更多
The factors that influence the economic growth are various and complicated.This paper has especially probed into calculating and impact on regional economic growth of the human capital structure. First, on the basis o...The factors that influence the economic growth are various and complicated.This paper has especially probed into calculating and impact on regional economic growth of the human capital structure. First, on the basis of considering human capital quality, we use Gini coefficient law to calculate human capital structure coefficient of our country's each province (municipal or district); Second, according to the result of calculating of human capital structure coefficient, considering input of material capital, average education level and so on at the same time, we set up regional economic growth model and use the panel data to examine the model. The result indicates the human capital structure coefficient of each province (municipal or district)in inverse proportion to economic growth (- 0. 108). The last is the conclusion of this text.展开更多
Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of h...Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of human capital on energy consumption using an extended version of the Stochastic Impacts by Regression on Population,Affluence,and Technology framework.The estimated results using a panel dataset covering China’s 30 provincial regions during the period 1997-2018 and applying fixed effects with instrumental variables and the generalized method of moments indicated that an increase in human capital significantly drove energy consumption.A 1%increase in human capital increased energy consumption by approximately 0.3%.A two-step channel analysis to test scale,technical,and structural effects revealed that the positive effect of human capital on energy consumption is based primarily on the scale effect.However,highly educated human capital alleviates the energy pressure of this effect.In contrast to the scale effect,both the technical and structural effects of human capital reduced energy consumption,and this reduction is primarily correlated with enterprises’utility-oriented technological progress.Finally,we present strategic energy control policy implications related to human capital.展开更多
In endogenous growth theories, with the endogeneity of technology and its inclusion into the model, the new technologies produced by individuals equipped with knowledge, skills, and experience by using this technology...In endogenous growth theories, with the endogeneity of technology and its inclusion into the model, the new technologies produced by individuals equipped with knowledge, skills, and experience by using this technology were regarded as the human capital investments of countries. Later, the effects of human capital on economic growth became a significant topic in the empirical literature. In this study, initially the basic approaches to human capital were theoretically investigated. Then, the relationships between human capital and economic growth were analyzed with cointegration and causality tests by using the data of Turkey for the period 1961-2011. Our findings revealed a dual causality relationship between human capital and economic growth variables.展开更多
The human capital in the rural and pastoral area in Tibet is scarce at present and the investment in human capital faces many difficulties. It is urgent to optimize the education structure, intensify professional trai...The human capital in the rural and pastoral area in Tibet is scarce at present and the investment in human capital faces many difficulties. It is urgent to optimize the education structure, intensify professional training, cultivate the transferring of labor force and pay attention to the child care. The fundamental measure is to establish the concept of "being equipped with the ability to study, work and to be rich", and is to carry out "fundamental education and agricultural education".展开更多
Based on statistics, this paper reviews China's economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the y...Based on statistics, this paper reviews China's economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the years of schooling as the proxy variable of human capital, this paper describes changes in China's labor competence during the industrial restructuring process. Then, this paper estimates China's future human capital demand and shortage based on economic and demographic forecast. Lastly, this paper proposes recommendations for improving human capital in China with skills development and education.展开更多
Using CHIP (Chinese Household Income Project Survey) data and the sample selection bias corrected wage function model, this paper estimated changes in wage structure in China by ownership types (SOEs, COEs, FEs, an...Using CHIP (Chinese Household Income Project Survey) data and the sample selection bias corrected wage function model, this paper estimated changes in wage structure in China by ownership types (SOEs, COEs, FEs, and PEs) in 1995 and 2007. The major conclusions are as follows. First, effects of education on wage levels in SOEs and FEs become greater, while education effects decrease in SOEs and PEs under economic transition periods; firm-specific human capital becomes more important in the wage determination mechanism along with market-oriented reforms in SOEs, PEs, and FEs; age effect decreases in SOEs and COEs, but it becomes greater in PEs and FEs. Second, there exist wage structure differences between sectors by wage distributions. For example, in 2007, in SOEs, education return rates are higher for the low-wage and middle-wage groups, and the effect is the highest at the 40th percentile. However in COEs and FEs, education return rates are higher for the high-wage groups, and the effect is the highest at the 70th percentile in COEs and at the 70th percentile in FEs. Tenure effects are greater in the middle-wage groups (40th-80th) in SOEs, COEs, and FEs, and age effects are greater in the low-wage groups (5th-30th) in SOEs, FEs, and PEs.展开更多
Based on international comparison, this paper arrives at the following conclusions:(1) with the progress of industrialization and rising per capita GDP, successful catch-up countries will experience an upgrade from lo...Based on international comparison, this paper arrives at the following conclusions:(1) with the progress of industrialization and rising per capita GDP, successful catch-up countries will experience an upgrade from low-level human capital to highlevel human capital;(2) the leap phenomenon exists in the deepening of high-level human capital and the universalization of tertiary education is normally completed within a relatively short period of time, which has cumulative causation with high productivity;(3) most developing countries face the critical mass of human capital upgrade, excessive lowlevel human capital and slow improvement of efficiency;(4) problems of China's human capital structure are mainly reflected in the excessive secondary human capital with poor quality and insufficient accumulation of tertiary human capital. According to the patterns of human capital deepening, the fostering of human capital in the current stage determines whether China's economic transition can succeed in the coming couple of decades. In order to mitigate the potential risks of belated transition, China must proactively seek the path of human capital upgrade.展开更多
The intellectual capital is a main source of competing advantage. Many studies developed measure(s) of intellectual capital of industrial and service firms. Few studies have tried to develop a reliable measure of in...The intellectual capital is a main source of competing advantage. Many studies developed measure(s) of intellectual capital of industrial and service firms. Few studies have tried to develop a reliable measure of intellectual capital in audit firms. This study extends the current models to provide more insight into the role of intellectual capital in audit firms. The aim of this study is to develop a quantitative model to measure audit firms' intellectual capital. The suggested model can be used to explore the relationship between the intellectual capital in audit firms and audit quality. The model combines the main components of intellectual capital (human capital, structural capital, and relational capital). The suggested model provides a tool that may help to better manage the intellectual capital in audit firms. As this is a theoretical study, a number of hypotheses are presented for testing in the future.展开更多
This paper created the Human Capital Relatively Advanced Investment(HCRAI)index to compare human capital investment in China and other countries.The HCRAI comprises life expectancy and average length of schooling adju...This paper created the Human Capital Relatively Advanced Investment(HCRAI)index to compare human capital investment in China and other countries.The HCRAI comprises life expectancy and average length of schooling adjusted for GDP per capita to measure the degree to which a country has invested in human capital in the early stage.Our study found that in 2014,China ranked much higher on the HCRAI index than on GDP per capita.The fact that China was far ahead of the United States on the HCRAI ranking suggests that China had invested more in human capital.Since the 1970s,China’s HCRAI ranking has experienced an inverted U-shaped curve,increasing at first and ranking first in the world in 1980 before declining in a later stage.That is to say,China has invested somewhat less on human capital in relative terms in the post-reform era.International data comparison showed that the HCRAI index may largely explain a country’s long-term economic growth rate,justifying the continuity in China’s six-decade development before and after reform and opening up in 1978.By replacing the existing absolute indicators with relative indicators,this paper measures the level of human care in China,reflecting the concept of fairness.The international comparison and long-term evolution of the HCRAI index offer a new perspective for the new normal of China’s economy and supply-side structural reforms.China’s declining HCRAI ranking over the past three decades indicates the importance of a more inclusive and sustainable development path that puts human first.展开更多
文摘The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in population age structure,the Chinese economy has moved from high-speed growth to high-quality development.In this setting,understanding factor endowment and comparative advantages of the economy from a perspective of human capital structure so as to enhance industrial structure adaptability by riding the trend is of significance for cultivating new driving force for economic development.This paper,following a theoretical paradigm of new structural economics,demonstrates how human capital structure matches industrial structure and the presence of optimal human capital structure using mathematical deduction.On this basis,national level panel data and instrumental variables are adopted for generalized method of moments,the results of which shows that there are varied impacts on economic growth in light of different human capital structure characteristics.The proportions of high-level human capital and medium-level human capital boost economic development,while that of low-level human capital has an inhibitory effect on economic growth.The policy implication of this study is that large economies should diversify efforts as per different human capital structure characteristics in terms of development need of tapping growth impetus from human capital structure improvement.It is of equal importance to raise the proportion of high and medium human capital in order to stimulate economic growth and to cut the proportion of low human capital that hinders economic development.
文摘With the development of the times,the role of human capital in economic growth has been highlighted.However,in the current academic world,the research on the topic of demographic structure and human capital accumulation is not closely integrated.China is now in a period of economic transformation and upgrading,and it is urgent to change the traditional economic growth model,increase human capital investment,and cultivate new growth momentum.Therefore,this paper examines the impact of China’s population structure on human capital accumulation by constructing a mathematical model based on relevant panel data of 31 provinces(municipalities and autonomous regions)from 2001 to 2020.The empirical results show that human capital accumulation in China has a certain lagging effect,while population age and urban-rural structure enhance human capital accumulation in both quantitative and qualitative terms,respectively.In addition,industrial transformation,economic growth level,and per capita income all have significant positive effects.The effect of education,on the other hand,is not significant,while the interaction between urbanization and industrial structure may hurt it.Based on this,this paper proposes targeted countermeasures and suggestions in terms of fully developing the population quality dividend,fully tapping the talent knowledge dividend,continuously improving the health dividend,and continually tapping the aging dividend.
文摘The factors that influence the economic growth are various and complicated.This paper has especially probed into calculating and impact on regional economic growth of the human capital structure. First, on the basis of considering human capital quality, we use Gini coefficient law to calculate human capital structure coefficient of our country's each province (municipal or district); Second, according to the result of calculating of human capital structure coefficient, considering input of material capital, average education level and so on at the same time, we set up regional economic growth model and use the panel data to examine the model. The result indicates the human capital structure coefficient of each province (municipal or district)in inverse proportion to economic growth (- 0. 108). The last is the conclusion of this text.
文摘Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of human capital on energy consumption using an extended version of the Stochastic Impacts by Regression on Population,Affluence,and Technology framework.The estimated results using a panel dataset covering China’s 30 provincial regions during the period 1997-2018 and applying fixed effects with instrumental variables and the generalized method of moments indicated that an increase in human capital significantly drove energy consumption.A 1%increase in human capital increased energy consumption by approximately 0.3%.A two-step channel analysis to test scale,technical,and structural effects revealed that the positive effect of human capital on energy consumption is based primarily on the scale effect.However,highly educated human capital alleviates the energy pressure of this effect.In contrast to the scale effect,both the technical and structural effects of human capital reduced energy consumption,and this reduction is primarily correlated with enterprises’utility-oriented technological progress.Finally,we present strategic energy control policy implications related to human capital.
文摘In endogenous growth theories, with the endogeneity of technology and its inclusion into the model, the new technologies produced by individuals equipped with knowledge, skills, and experience by using this technology were regarded as the human capital investments of countries. Later, the effects of human capital on economic growth became a significant topic in the empirical literature. In this study, initially the basic approaches to human capital were theoretically investigated. Then, the relationships between human capital and economic growth were analyzed with cointegration and causality tests by using the data of Turkey for the period 1961-2011. Our findings revealed a dual causality relationship between human capital and economic growth variables.
基金Supported by National Social Science Fund(12XMZ027)Social Science and Humanity Study of Tibet Project(12XZJA790001,12XZJC790002)Study Project of Social Science and Humanity in Tibet(zjrwy11)
文摘The human capital in the rural and pastoral area in Tibet is scarce at present and the investment in human capital faces many difficulties. It is urgent to optimize the education structure, intensify professional training, cultivate the transferring of labor force and pay attention to the child care. The fundamental measure is to establish the concept of "being equipped with the ability to study, work and to be rich", and is to carry out "fundamental education and agricultural education".
文摘Based on statistics, this paper reviews China's economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the years of schooling as the proxy variable of human capital, this paper describes changes in China's labor competence during the industrial restructuring process. Then, this paper estimates China's future human capital demand and shortage based on economic and demographic forecast. Lastly, this paper proposes recommendations for improving human capital in China with skills development and education.
文摘Using CHIP (Chinese Household Income Project Survey) data and the sample selection bias corrected wage function model, this paper estimated changes in wage structure in China by ownership types (SOEs, COEs, FEs, and PEs) in 1995 and 2007. The major conclusions are as follows. First, effects of education on wage levels in SOEs and FEs become greater, while education effects decrease in SOEs and PEs under economic transition periods; firm-specific human capital becomes more important in the wage determination mechanism along with market-oriented reforms in SOEs, PEs, and FEs; age effect decreases in SOEs and COEs, but it becomes greater in PEs and FEs. Second, there exist wage structure differences between sectors by wage distributions. For example, in 2007, in SOEs, education return rates are higher for the low-wage and middle-wage groups, and the effect is the highest at the 40th percentile. However in COEs and FEs, education return rates are higher for the high-wage groups, and the effect is the highest at the 70th percentile in COEs and at the 70th percentile in FEs. Tenure effects are greater in the middle-wage groups (40th-80th) in SOEs, COEs, and FEs, and age effects are greater in the low-wage groups (5th-30th) in SOEs, FEs, and PEs.
基金sponsored by the major tendering project of the National Social Sciences Foundation "Study on Accelerating Economic Restructuring and Promoting Coordinated Economic Development"(Approval No.12&ZD084)the major projects of National Social Sciences Foundation "Structural Deceleration of China's Economic Growth,Transition Risks and Pathway for the Improvement of National Production System and Efficiency"(Approval No.14AJL006)
文摘Based on international comparison, this paper arrives at the following conclusions:(1) with the progress of industrialization and rising per capita GDP, successful catch-up countries will experience an upgrade from low-level human capital to highlevel human capital;(2) the leap phenomenon exists in the deepening of high-level human capital and the universalization of tertiary education is normally completed within a relatively short period of time, which has cumulative causation with high productivity;(3) most developing countries face the critical mass of human capital upgrade, excessive lowlevel human capital and slow improvement of efficiency;(4) problems of China's human capital structure are mainly reflected in the excessive secondary human capital with poor quality and insufficient accumulation of tertiary human capital. According to the patterns of human capital deepening, the fostering of human capital in the current stage determines whether China's economic transition can succeed in the coming couple of decades. In order to mitigate the potential risks of belated transition, China must proactively seek the path of human capital upgrade.
文摘The intellectual capital is a main source of competing advantage. Many studies developed measure(s) of intellectual capital of industrial and service firms. Few studies have tried to develop a reliable measure of intellectual capital in audit firms. This study extends the current models to provide more insight into the role of intellectual capital in audit firms. The aim of this study is to develop a quantitative model to measure audit firms' intellectual capital. The suggested model can be used to explore the relationship between the intellectual capital in audit firms and audit quality. The model combines the main components of intellectual capital (human capital, structural capital, and relational capital). The suggested model provides a tool that may help to better manage the intellectual capital in audit firms. As this is a theoretical study, a number of hypotheses are presented for testing in the future.
基金the key tendering project of the National Social Science Fund of China (NSSFC) “Inclusive Green Growth Theories and Practical Research (19ZDA048)”the “Advantageous Discipline of CASS Peak Strategy (industrial economics)” of the Chinese Academy of Social Sciences (CASS)
文摘This paper created the Human Capital Relatively Advanced Investment(HCRAI)index to compare human capital investment in China and other countries.The HCRAI comprises life expectancy and average length of schooling adjusted for GDP per capita to measure the degree to which a country has invested in human capital in the early stage.Our study found that in 2014,China ranked much higher on the HCRAI index than on GDP per capita.The fact that China was far ahead of the United States on the HCRAI ranking suggests that China had invested more in human capital.Since the 1970s,China’s HCRAI ranking has experienced an inverted U-shaped curve,increasing at first and ranking first in the world in 1980 before declining in a later stage.That is to say,China has invested somewhat less on human capital in relative terms in the post-reform era.International data comparison showed that the HCRAI index may largely explain a country’s long-term economic growth rate,justifying the continuity in China’s six-decade development before and after reform and opening up in 1978.By replacing the existing absolute indicators with relative indicators,this paper measures the level of human care in China,reflecting the concept of fairness.The international comparison and long-term evolution of the HCRAI index offer a new perspective for the new normal of China’s economy and supply-side structural reforms.China’s declining HCRAI ranking over the past three decades indicates the importance of a more inclusive and sustainable development path that puts human first.