Joshua The Contribution of Human Capital towards Economic Growth in China

2015
ISBN: 978-1-137-52936-7
Verlag: Palgrave Macmillan UK
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 301 Seiten, eBook

This book develops a human capital model to explain transformational growth within different stages of economic development, which will induce technological changes and consequently will require a change in human capital. China is a case study in transition and can provide useful lessons to other emerging economies.

Zielgruppe

Research

Autoren/Hrsg.

Joshua, John

Inhaltsverzeichnis

Introduction

(i) Structural Transformational Growth and the

Transformation of Human Capital

(ii) Uneven Structural Transformation between

Chinese Provinces

(iii) Aims of the Thesis

(iv) Outline of the Study

Chapter 1

Neoclassical and Endogenous Growth Models

(i) A Comparative Analysis of Neoclassical and

Endogenous Growth Theories

(a) The Harrod-Domar Theory of Economic Growth

(b) The Neoclassical Model of Economic Growth

(c) The Endogenous Growth Model

(ii) Human Capital and the Endogenous Nature of

Technological Change

(iii) Endogenous and Exogenous Factors as Facilitators

of Economic Growth

Conclusion

Chapter 2

The Accumulation of Human Capital as a Factor of Production

(i) The Accumulation of Human Capital and its

Transformation into Economic Growth

(ii) The Complementarity between Human Capital

and Physical Capital

(iii) The Nexus between Human Capital and Technological

Change and their Effects on Economic Growth

(iv) Economic Policies for Economic Growth through Capital

Accumulation

(v) Policies for Human Capital Formation to Enhance

Economic Growth

(vi) Policies for the Provision of Educational Resources and

Educational Performance

Conclusion

Chapter 3

Pathways of Human Capital towards Economic Growth

(i) Pathways of Human Capital towards Economic

Growth and Development

(ii) Work Processes and the Applications of Human Capital

(iii) The Enhancement of Productivity through Human Capital

and Technological Change

(iv) Human Capital and the Production Possibility Curve

(v) The International Best-Practice Production Function

Conclusion

Chapter 4

Human Capital Transformation and Cycles of

Innovative Economic Development

(i) Human Capital Theories, R&D and Technology Transfer

(ii) Human Capital and Innovations as Creative Destructions

(iii) The Induced Innovation Hypothesis

(iv) Innovation and Product Cycles as Determinants

of Economic Growth

(v) Learning-by-Doing within a Globalized Economy

(vi) The Import-Production-Export Cycle and the

Transformation of Human Capital

(vii) The Capital Goods Import-Production-Export Cycle

(viii) The Human Capital Transformation: From Comparative

to Competitive Advantage

Conclusion

Chapter 5

Stages of Economic Development and Convergence and the

Changing Demand for Human Capital

(i) Structural Transformation and the Effect on Human Capital

(ii) Stages of Economic Development andChanging

Demand for Human Capital

(iii) The Transformation of Human Capital through Stages

of Economic Development

(iv) The Appropriateness of Various Types of Human Capital

and the Stages of Development

(v) The Contribution of Human Capital within different Stages

of Economic Development

(vi) The Contribution of Human Capital and Economic

Growth with different Sectors of the Economy

(vii) The Theoretical Framework of Absolute and Conditional

Convergence

Conclusion

Chapter 6

Human Capital, Income Distribution and Economic Growth

(i) The Wage Structure and Economic Growth

(ii) The Effects of Technological Change

on Human Capital and its Associated Wage Levels

(iii) Changes in Human Capital and their

Effects on the Distribution of Income

(iv) Regional Income Distribution and Human Capital

(v) Provincial Inequality of the Spending of Education

(vi) The Inequality of Income across Chinese Provinces

(vii) Equity and Economic Growth

Conclusion

Chapter 7

An Economic Profile of China

(i) Economic Reforms and their Effects on Chinese

Economic Development

(ii) Market Reforms and China '' ''s Growth Engines

(iii) China within the Global Economy: The Effect of the

Special Economic Zones and Openness

on Chinese Provincial Development

(iv) China '' ''s Unequal Development and the Widening Income Gap

(v) China '' ''s Move towards the International

Technological Frontier

Conclusion

Appendix I: Provincial Map of China

Chapter 8

Transformational Growth and Human Capital Transformation in China

(i) Perpetual Structural Transformational Growth

and Human Capital

(ii) Foreign Direct Investment and the Effect on

Human Capital Formation

(iii) Export-led Growth and its Effect on Human Capital

(iv) The Spill-over Externalities if the '' ''Open Door '' '' Policy

and Infrastructure

(v) The Flying-Geese Pattern of Economic Development

within a Globalized Economy

Conclusion

Chapter 9

Convergence and Divergence between China '' ''s Provinces

(i) Convergence versus Divergence between Chinese Provinces:

The Formation of Clubs

(ii) The Empirics on Economic Growth and Convergence

between Chinese Provinces

(iii) Comparative Growth Rates between Provinces

(iv) Endogenous Growth Theory and Chinese Provincial

Economic Policies

(v) The Inter-Provincial Migration of Surplus Labour

(vi) Divergence of Income Distribution between China '' ''s Provinces

Conclusion

Chapter 10

Review of Empirical Studies on China '' ''s Economic Growth

(i) Conflicting Evidence of Human Capital Contribution to

GDP in Cross-Country Studies

(ii) The Contribution of Human Capital to Chinese

Provincial Growth

(iii) Human Capital and Its Effect on Total Factor Productivity

(iv) Limitations of Previous Studies

Conclusion

Chapter 11

New Evidence on the Contribution of Human Capital to Chinese

Provincial Economic Performance

1. The Data Generating Process

2. Data Limitations

3. Econometric Methodology

3.1 Production Functions

3.2 Growth Regressions

3.3 Analysis of Growth Volatility

3.4 Multi-Factor Productivity

4. Measurement of Variables

4.1 Human Capital

4.2 Other Variables

5. Human Capital and Chinese Provincial Income Levels

6. Human Capital and Chinese Provincial Growth

7. Control Variables

8. The Effects of Aggregation

9. The Effectsof Spillovers

10. Interactions

11. Human Capital and Growth Volatility

12. Human Capital and Chinese Provincial Multi-Factor Productivity

13. Endogeneity

Conclusion

Conclusion

1. Structural Transformational Growth of China '' ''s Economy

2. Endogenous Technological Change and Human Capital

3. Methods and Findings

4. The Widening Gap of Income Disparity and Convergence

5. Economic Policies and Human Capital

6. New Directions: The Shift from Comparative to Competitive

Advantage

Über Autor(innen)

Dr John Joshua taught Economics and Accounting to undergraduates and post-graduates in Melbourne and in China for many years, while concurrently completing three separate PhDs at Monash University, Melbourne University and Deakin University in Sociology, Education and Economics respectively.

His research interests are the economic, sociological and educational implications resulting from structural transformations occurring in emerging economies.