Abstract
Marine economy is an important growth stage of Chinese economic development in the 21st century. The Chinese marine economy has become a technology and capital-intensive economy from extensive past development of economy. The human capital factor has become an indispensable and important driving force for the domestic marine economy. Different with the existing literature on human capital elements, which is focused on the study of the average level of education represented by the stock of human capital, this article uses the per capita education expenditure within the region to measure human capital increment, explain the coastal marine economic development momentum. At the same time, the author analyzes the correctness of this interpretation and analysis from the data of 11 coastal provinces and autonomous regions in China from 2006 to 2014. Based on this, some feasible policy suggestions would be put forward.
Highlights
Introduction and Review of Earlier WorkAs we all know, with the growth of the domestic population and the continuous reduction of per capita land resources, the exploitation of marine resources and the development of the marine economy have become the major directions for the Chinese people on continuously utilizing resources and developing their social economy in the 21st century
Different with the existing literature on human capital elements, which is focused on the study of the average level of education represented by the stock of human capital, this article uses the per capita education expenditure within the region to measure human capital increment, explain the coastal marine economic development momentum
According to Statistical Communique of the People’s Republic of China National Economic and Social Development and Chinese Ocean Economic Statistics Communique from 2000 to 2016, in total terms, the total domestic marine economy has increased from 229.70 billion yuan in 2000 to 7050.70 billion yuan in 2016, whose ratio to the GDP rose from 2.60% to 9.48% at the same time, and the average annual compound growth rate was over 23% in the same period, higher than the growth rate of the GDP of the country
Summary
With the growth of the domestic population and the continuous reduction of per capita land resources, the exploitation of marine resources and the development of the marine economy have become the major directions for the Chinese people on continuously utilizing resources and developing their social economy in the 21st century. This paper argues that choosing average years of schooling as the proxy for the stock of human capital in the region would explains the large differences in marine economic development among the coastal provinces, but the proxy variables for regional human capital growth may be more persuasive in explaining the gradual reduction in the divergence in marine economic development among the coastal provinces after 2005. Considering the current system of compulsory education in our country and the vast majority of government funding for education come from the government, this paper intends to use the regional per capita education expenditure as a measure of regional human capital increment variables to explain and analyze the motive force of marine economic development in the coastal provinces; with taking the data of 11 Chinese coastal provinces from 2006 to 2014 as a sample, we test the correctness of the above explanations and analyzes
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