Research on Contribution of Human Capital to Beijing's Economic Growth: The Perspective from Human Capital Structure Upgrading

Abstract

Based on the perspective of human capital structure upgrading, this paper used the panel data from 1996 to 2017 to make an empirical study on the contribution of Beijing's human capital to economic growth, and by compared with relevant literature, got the following main conclusions: (1) From 1996 to 2017, the contribution rates of human capital and material capital to economic growth in Beijing were 27.6% and 67.6%, respectively. (2) The contribution rate of human capital to economic growth in Beijing has increased in the past 10 years. (3) The contribution of Beijing's human capital was superior to other regions in China, but there was still a gap compared with developed countries. (4) The contribution rate of China's human capital to economic growth had the obvious regional heterogeneities, and the regional disparity was large. And this article puts forward relevant policy suggestions based on the conclusions.