Nonlinear Effect of Human Capital on Economic Growth

Yan Su

doi:doi:10.11648/j.ajtab.20210704.19

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Nonlinear Effect of Human Capital on Economic Growth

Yan Su

Published in American Journal of Theoretical and Applied Business (Volume 7, Issue 4)

Received: 23 November 2021 Accepted: 6 December 2021 Published: 11 December 2021

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Abstract

Under the “new normal”, China's economic development mode has shifted from scale and speed to quality and efficiency, and the development driving force has shifted from mainly relying on factor inputs such as resources and low-cost labor to innovation driven. Therefore, it is particularly important to correctly understand the different promoting effects of human capital on economic growth in different stages of human capital development. Consequently, the panel smooth transition regression model was used to study the threshold characteristics and regional differences for human capital of mental quality and physical quality to the economic growth from 1982 to 2019 in China. The results shown that, the mental quality and physical quality of urban and rural have nonlinear effects on economic growth, in addition to the model of physical quality of urban has two system, the other three models are three system. Except the effect of mental quality of rural on the economic growth inhibited the transformation of restrain to promote, the effect of rest of the models always shows promotion performance, along with the promotion of mental quality and physical quality of urban and rural, the promoting effect of economic growth is gradually strengthened. The stimulating effect of mental quality and physical quality of human capital on economic growth exits regional difference, the role of human capital on economic growth is more obvious especially in the eastern coastal areas and relatively developed areas of economy.

Published in	American Journal of Theoretical and Applied Business (Volume 7, Issue 4)
DOI	10.11648/j.ajtab.20210704.19
Page(s)	137-145
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Human Capital, Economic Growth, Threshold Characteristics, PSTR

References

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APA Style

Yan Su. (2021). Nonlinear Effect of Human Capital on Economic Growth. American Journal of Theoretical and Applied Business, 7(4), 137-145. https://doi.org/10.11648/j.ajtab.20210704.19

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ACS Style

Yan Su. Nonlinear Effect of Human Capital on Economic Growth. Am. J. Theor. Appl. Bus. 2021, 7(4), 137-145. doi: 10.11648/j.ajtab.20210704.19

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AMA Style

Yan Su. Nonlinear Effect of Human Capital on Economic Growth. Am J Theor Appl Bus. 2021;7(4):137-145. doi: 10.11648/j.ajtab.20210704.19

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@article{10.11648/j.ajtab.20210704.19,
  author = {Yan Su},
  title = {Nonlinear Effect of Human Capital on Economic Growth},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {7},
  number = {4},
  pages = {137-145},
  doi = {10.11648/j.ajtab.20210704.19},
  url = {https://doi.org/10.11648/j.ajtab.20210704.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20210704.19},
  abstract = {Under the “new normal”, China's economic development mode has shifted from scale and speed to quality and efficiency, and the development driving force has shifted from mainly relying on factor inputs such as resources and low-cost labor to innovation driven. Therefore, it is particularly important to correctly understand the different promoting effects of human capital on economic growth in different stages of human capital development. Consequently, the panel smooth transition regression model was used to study the threshold characteristics and regional differences for human capital of mental quality and physical quality to the economic growth from 1982 to 2019 in China. The results shown that, the mental quality and physical quality of urban and rural have nonlinear effects on economic growth, in addition to the model of physical quality of urban has two system, the other three models are three system. Except the effect of mental quality of rural on the economic growth inhibited the transformation of restrain to promote, the effect of rest of the models always shows promotion performance, along with the promotion of mental quality and physical quality of urban and rural, the promoting effect of economic growth is gradually strengthened. The stimulating effect of mental quality and physical quality of human capital on economic growth exits regional difference, the role of human capital on economic growth is more obvious especially in the eastern coastal areas and relatively developed areas of economy.},
 year = {2021}
}

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TY  - JOUR
T1  - Nonlinear Effect of Human Capital on Economic Growth
AU  - Yan Su
Y1  - 2021/12/11
PY  - 2021
N1  - https://doi.org/10.11648/j.ajtab.20210704.19
DO  - 10.11648/j.ajtab.20210704.19
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 137
EP  - 145
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20210704.19
AB  - Under the “new normal”, China's economic development mode has shifted from scale and speed to quality and efficiency, and the development driving force has shifted from mainly relying on factor inputs such as resources and low-cost labor to innovation driven. Therefore, it is particularly important to correctly understand the different promoting effects of human capital on economic growth in different stages of human capital development. Consequently, the panel smooth transition regression model was used to study the threshold characteristics and regional differences for human capital of mental quality and physical quality to the economic growth from 1982 to 2019 in China. The results shown that, the mental quality and physical quality of urban and rural have nonlinear effects on economic growth, in addition to the model of physical quality of urban has two system, the other three models are three system. Except the effect of mental quality of rural on the economic growth inhibited the transformation of restrain to promote, the effect of rest of the models always shows promotion performance, along with the promotion of mental quality and physical quality of urban and rural, the promoting effect of economic growth is gradually strengthened. The stimulating effect of mental quality and physical quality of human capital on economic growth exits regional difference, the role of human capital on economic growth is more obvious especially in the eastern coastal areas and relatively developed areas of economy.
VL  - 7
IS  - 4
ER  -

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Author Information

Yan Su

China Center for Human Capital and Labor Market Research, Central University of Finance and Economics, Beijing, China

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Plain Text BibTeX RIS

APA Style

Yan Su. (2021). Nonlinear Effect of Human Capital on Economic Growth. American Journal of Theoretical and Applied Business, 7(4), 137-145. https://doi.org/10.11648/j.ajtab.20210704.19

Copy | Download

ACS Style

Yan Su. Nonlinear Effect of Human Capital on Economic Growth. Am. J. Theor. Appl. Bus. 2021, 7(4), 137-145. doi: 10.11648/j.ajtab.20210704.19

Copy | Download

AMA Style

Yan Su. Nonlinear Effect of Human Capital on Economic Growth. Am J Theor Appl Bus. 2021;7(4):137-145. doi: 10.11648/j.ajtab.20210704.19

Copy | Download

@article{10.11648/j.ajtab.20210704.19,
  author = {Yan Su},
  title = {Nonlinear Effect of Human Capital on Economic Growth},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {7},
  number = {4},
  pages = {137-145},
  doi = {10.11648/j.ajtab.20210704.19},
  url = {https://doi.org/10.11648/j.ajtab.20210704.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20210704.19},
  abstract = {Under the “new normal”, China's economic development mode has shifted from scale and speed to quality and efficiency, and the development driving force has shifted from mainly relying on factor inputs such as resources and low-cost labor to innovation driven. Therefore, it is particularly important to correctly understand the different promoting effects of human capital on economic growth in different stages of human capital development. Consequently, the panel smooth transition regression model was used to study the threshold characteristics and regional differences for human capital of mental quality and physical quality to the economic growth from 1982 to 2019 in China. The results shown that, the mental quality and physical quality of urban and rural have nonlinear effects on economic growth, in addition to the model of physical quality of urban has two system, the other three models are three system. Except the effect of mental quality of rural on the economic growth inhibited the transformation of restrain to promote, the effect of rest of the models always shows promotion performance, along with the promotion of mental quality and physical quality of urban and rural, the promoting effect of economic growth is gradually strengthened. The stimulating effect of mental quality and physical quality of human capital on economic growth exits regional difference, the role of human capital on economic growth is more obvious especially in the eastern coastal areas and relatively developed areas of economy.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Nonlinear Effect of Human Capital on Economic Growth
AU  - Yan Su
Y1  - 2021/12/11
PY  - 2021
N1  - https://doi.org/10.11648/j.ajtab.20210704.19
DO  - 10.11648/j.ajtab.20210704.19
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 137
EP  - 145
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20210704.19
AB  - Under the “new normal”, China's economic development mode has shifted from scale and speed to quality and efficiency, and the development driving force has shifted from mainly relying on factor inputs such as resources and low-cost labor to innovation driven. Therefore, it is particularly important to correctly understand the different promoting effects of human capital on economic growth in different stages of human capital development. Consequently, the panel smooth transition regression model was used to study the threshold characteristics and regional differences for human capital of mental quality and physical quality to the economic growth from 1982 to 2019 in China. The results shown that, the mental quality and physical quality of urban and rural have nonlinear effects on economic growth, in addition to the model of physical quality of urban has two system, the other three models are three system. Except the effect of mental quality of rural on the economic growth inhibited the transformation of restrain to promote, the effect of rest of the models always shows promotion performance, along with the promotion of mental quality and physical quality of urban and rural, the promoting effect of economic growth is gradually strengthened. The stimulating effect of mental quality and physical quality of human capital on economic growth exits regional difference, the role of human capital on economic growth is more obvious especially in the eastern coastal areas and relatively developed areas of economy.
VL  - 7
IS  - 4
ER  -

Copy | Download