Abstract
With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society. It is an important part of government and social investment, which directly affects the strategy of building a strong country with talents and the coordinated development of economy and society. China is rich in labor resources, but due to the difference of natural endowment and economic development level, there are different levels of development imbalance of human capital among provinces and cities. This paper uses the data of 31 provinces, cities and autonomous regions from 2007 to 2017 to build a model, specifically demonstrates the impact of human capital investment on regional economic growth, analyzes the relationship between investment income and regional economic growth, and finally concludes that the level of human capital investment has a significant positive impact on the growth of regional per capita GDP, and puts forward suggestions on increasing the level of regional education investment, improving the policy of talent introduction, strengthening the investment in scientific and technological research and development, and deepening the reform and opening up, which can provide useful reference for scientific planning of China's future human capital development strategy and regional social and economic development.
Highlights
With the rapid development of knowledge economy and information age, human capital has gradually become the key factor to support the sustainable development of economy in modern society
China is rich in labor resources, but there is a relative shortage of human capital, and there are different levels of development imbalance in various provinces
Through the study of the impact of human capital investment on regional economic growth, it is of great significance to find out the problems existing in the investment of human capital in China, and actively start to improve the utilization efficiency of human capital in China, so as to promote the sustainable development of China's economy and further enhance the country's soft power
Summary
China is rich in labor resources, but there is a relative shortage of human capital, and there are different levels of development imbalance in various provinces. Through the study of the impact of human capital investment on regional economic growth, it is of great significance to find out the problems existing in the investment of human capital in China, and actively start to improve the utilization efficiency of human capital in China, so as to promote the sustainable development of China's economy and further enhance the country's soft power. Bai Yong and Ma Yueru [10] found that skills training, residents' economic conditions, foreign trade and institutional changes have significant impact on the efficiency of human capital investment. Studied the efficiency of human capital investment in rural areas of China, and found that the technical efficiency of human capital investment in rural areas of China is low, showing regional differences; the income level of rural residents, institutional changes, information technology level, etc. Studied the efficiency of human capital investment in rural areas of China, and found that the technical efficiency of human capital investment in rural areas of China is low, showing regional differences; the income level of rural residents, institutional changes, information technology level, etc. help to improve the efficiency of rural human capital investment, and skills training and population migration restrict the efficiency of rural human capital investment
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