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| Quantitative Driven or Innovation Driven: Mechanism Evolution of Heterogeneous Human Capital on Economic Growth |
| Chen Junjie1,Zhong Changbiao2 |
| (1.Yunnan University of Finance & Economics , Institute of Economics;2.Yunnan University of Finance & Economics, School of Business, Kunming 650221,China) |
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Abstract Based on provincial panel data from 1987 to 2017, SYS-GMM model is used to study the influence of heterogeneous human capital on economic growth. This paper analyzes the mechanism evolution of heterogeneous human capital to economic acceleration from the perspective of global and stage differences based on advanced and basic human capital from the perspective of enrollment rate and income. The research finds that: overall, basic and advanced human capital under above two measures drive economic growth in the ways of quantity and innovation respectively, and presents the quantity drives primarily, quantity and innovation dual drive growth pattern. From the perspective of evolution, both measures show that innovation-driven from advanced human capital is the core driving force of economic growth in the new normal stage. Further research shows that industrial structure, urbanization and openness all have different incentive effects on innovation-driven, while urbanization has an extruding effect on the quantitative driving force of basic human capital.
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Received: 06 September 2019
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