The Impact of Human Capital on Shanghai's Economic Growth

DOI

10.2991/icesem-17.2017.30How to use a DOI?

Keywords

Human Capital; Economic Growth; Shanghai; VAR; Variance Decomposition

Abstract

This paper adopts the economic data from 1978 to 2014, Shanghai as the research sample, to verify the relations of human capital and economic growth in Shanghai by using VAR and variance decomposition methods. The paper finds there are long-term equilibrium between both Shanghai material capital and human capital and economic growth. From the covariance equation we can get that the effect of investment in the physical capital at current stage is better than the investment in human capital stock. But the contribution of human capital is gradually improved in the process of continuous development and might exceed the contribution of material capital in the near future, which indicates enhancing the local human capital stock would enhance the sustainable development of the economy.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yanan Song
PY  - 2017/10
DA  - 2017/10
TI  - The Impact of Human Capital on Shanghai's Economic Growth
BT  - Proceedings of the 2017 International Conference on Education Science and Economic Management (ICESEM 2017)
PB  - Atlantis Press
SP  - 129
EP  - 132
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-17.2017.30
DO  - 10.2991/icesem-17.2017.30
ID  - Song2017/10
ER  -