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Estimation and comparison of human capital in China regions

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This paper focuses on the estimation and comparison of human capital in various regions in China. At the regional level, China's human capital is divided into four regions to compare the development of human capital among different regions using the education years method. This paper first presents a comparison of the number educated population in 31 regions in China, and infers the education level of each regions based on the number of educated population. The next step is to use the education years method to calculate the human capital situation of each regions and compare the differences in human capital through the education level between different regions. This paper uses data from 1998 to 2021. The number of students with primary school, junior school, senior high school, college and above education in the population is used as the calculation indicator. The empirical analysis results found that there are different impacts in different regions and periods. At the regional level, the human capital stock in the Eastern region of China is the highest. Although there has been growth in the Western region, the population with bachelor's degree or above is relatively small, indicating a lack of high-level talents in the Western region, and then low stock of human capital. In this paper, although there is a gap in human capital between regions in China and an imbalance in education levels, it is much less than before. The analysis shows that sustained investment in education is needed. In other words, in order to increase China's human capital, more investment in education and better quality education policies in addition to material investment are needed.

Abstract

This paper focuses on the estimation and comparison of human capital in various regions in China. At the regional level, China's human capital is divided into four regions to compare the development of human capital among different regions using the education years method. This paper first presents a comparison of the number educated population in 31 regions in China, and infers the education level of each regions based on the number of educated population. The next step is to use the education years method to calculate the human capital situation of each regions and compare the differences in human capital through the education level between different regions. This paper uses data from 1998 to 2021. The number of students with primary school, junior school, senior high school, college and above education in the population is used as the calculation indicator. The empirical analysis results found that there are different impacts in different regions and periods. At the regional level, the human capital stock in the Eastern region of China is the highest. Although there has been growth in the Western region, the population with bachelor's degree or above is relatively small, indicating a lack of high-level talents in the Western region, and then low stock of human capital. In this paper, although there is a gap in human capital between regions in China and an imbalance in education levels, it is much less than before. The analysis shows that sustained investment in education is needed. In other words, in order to increase China's human capital, more investment in education and better quality education policies in addition to material investment are needed.

참고문헌 (13)

  1. Cai Xing, "An empirical study on the effects of educational development on new-type Urbanisation", Education & Economy, 35(1), pp.35~45 (2019)
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  6. Liu Linchu, "Empirical analysis of the impact of human capital on economic growth in Shandong province", Shanxi Agricultural Econonmy, 12, pp.10~12 (2019)
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  8. Peter, K., "The neoclassical revival in growth economics : Has it gone too far?", NBER Macroeconomics Annual, 12, pp.73~114 (1997)
  9. Schultz, T. W., "Investment in human capital", The American Economic Review, 51(1), pp.1~17 (1961)
  10. Shao Lin, "Human capital and regional economic growth", Population Journal, 36(204), pp.74~81 (2014)
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  12. Yang Yi, "The spillover effect of higher education investment and human capital structure on regional economic growth", Heilongjiang Researches on Higher Education, 329, pp.36~44 (2021)
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