Analysis of the Role of Human Capital on Economic Growth in the Beijing-Tianjin-Hebei

Abstract

Abstract This paper uses some human capital related data in the Beijing-Tianjin-Hebei region as empirical data to study the impact of human capital on the economic growth of the Beijing-Tianjin-Hebei region; based on the selected data, the principal component analysis method is used to analyze health human capital, education human capital, and comprehensive human capital. Measure and compare the human capital differences of the three places in Beijing, Tianjin and Hebei. Finally, based on the economic growth model, the three places are regression analysis, and the results of different types of human capital on the three places are obtained. The analysis results show that different types of human capital measurement values in the Beijing-Tianjin-Hebei region are indeed different. In general, the human capital in the Beijing-Tianjin-Hebei region contributes more to economic growth than physical capital, and the contribution of health human capital is better than that of education human capital. Keywords: Human capital, Economic growth, Regression analysis, Principal component analysis, Health; Education.