Rural human capital investment’s driving effects to labor migration - An empirical study based on Vector Error Correction Model

Shihu Zhong and Tang Juan

Business and Economic Horizons (BEH), 2016, vol. 12, issue 4, 164-172

Abstract: Based on vector error correction model, this essay aims to test the relationship between the rural human capital investment and labor migration by using the data of Hunan province from 1994 to 2014. Experiment results show the long-term balanced relationship between rural human capital investment and labor migration. Rural human capital investment can boost the transfer of labor force effectively in the long run. While none obvious effect would take in a short time. There is time lag effect on human capital investment. The time needed to amend the cointegration relationship would be long and the primary factor that affects the labor migration is the prophase investment of human capital.

Keywords: Rural human capital investment; labor migration; vector error correction model (VECM); time lag effect (search for similar items in EconPapers)
JEL-codes: J01 J20 J24 J43 R23 (search for similar items in EconPapers)
Date: 2016
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