The Relationship Between Human Capital Index and Economic Development

Aurora Manlin Qiu (), Tim Zewei Lian and Danny Zhaolong Wang
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Aurora Manlin Qiu: Durham University, Business School
Tim Zewei Lian: South China Agricultural University, School of Mathematics and Information
Danny Zhaolong Wang: Business MIS, University at Buffalo

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 780-786 from Springer

Abstract: Abstract Human capital index (HCI) quantifies the contribution of education and health to the productivity of the next generation of workers. (World Bank) The obvious presence of education in the definition of human capital index shows that these two points are key to economic development which cannot be ignored. It is worth to mentioning that knowledge is the basis of innovation in any country and the embodiment of technological change that promotes all factors of production. In this article, we mainly study the impact of the historical background of Education in China on China’s GDP. We cover the popularization of simple historical background, and select relevant data from China from 1978 to 2020 for data analysis. The blind pursuit of socialism in China before, it only changed people’s thinking, but it was not implemented in educational actions, which limited the subsequent development. And then we combine the financial crisis with education to discuss their impact on China’s GDP. In general, education needs to be tailored to the development of the society of country itself.

Keywords: China education policy; GDP growth rate; economic impact; China education history; health impact (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-052-7_89

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