The digital economy,which was born during the late third technological revolution,has caused significant economic and societal changes.Amid sluggish global economic growth,China’s economy is facing upgrades and trans...The digital economy,which was born during the late third technological revolution,has caused significant economic and societal changes.Amid sluggish global economic growth,China’s economy is facing upgrades and transformations.The sample selection for this study was conducted from 2013 to 2020.Data related to the digital economy and servitization of the industrial structure of 30 Chinese provinces,municipalities,and autonomous regions were collected.This study presents the human capital variable,based on which an econometric analysis was conducted,and examines its moderating effect.The findings indicate that even after the replacement variable indicator’s robustness test,the relationship between the digital economy and the servitization of industrial structures remains unchanged.This study demonstrats that the quality of human capital plays a positive role in this effect.Finally,a heterogeneity test demonstrated that there are different pathways for the impact of the digital economy on the servitization of industrial structures in the eastern,central,and western regions.This study provides evidence to help researchers understand the moderating utility of human capital.展开更多
Human Capital Management(HCM)is a management concept that demands theoretical foundations for implementation.It must not be easily equated with human resource management activities.HCM must include initiatives directl...Human Capital Management(HCM)is a management concept that demands theoretical foundations for implementation.It must not be easily equated with human resource management activities.HCM must include initiatives directly focused on the knowledge resources that are at the organization’s disposal.However,using only internal knowledge resources is not enough to raise the level of competitiveness.Organizations must reach outside their environment.It has been adopted that,in instrumental terms,HCM is based on intentionally selected and applied organizational,technical,social,formal,and legal,as well as economic and financial instruments in a manner that enables the organization’s goals to be achieved.At the inter-organizational level,HCM was included in the organization’s business ecosystem as the organization gains new opportunities to use the knowledge and human capital of its stakeholders thanks to its network connections.It is from this perspective that the article proposes the main concepts,goals and practices,methods that HCM can serve.展开更多
Based on statistics, this paper reviews China＇s economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the y...Based on statistics, this paper reviews China＇s economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the years of schooling as the proxy variable of human capital, this paper describes changes in China＇s labor competence during the industrial restructuring process. Then, this paper estimates China＇s future human capital demand and shortage based on economic and demographic forecast. Lastly, this paper proposes recommendations for improving human capital in China with skills development and education.展开更多
The rural human capital refers to the condensation of the physical body, knowledge, skills, and all the abilities that can improve the capacity of the rural labor productivity. The ability is a form of human capital s...The rural human capital refers to the condensation of the physical body, knowledge, skills, and all the abilities that can improve the capacity of the rural labor productivity. The ability is a form of human capital stock and it plays an important role in China＇s development of rural economy and society, but at present the situation of investment in human capital in rural areas is not optimistic. A lot of problems need to be solved such as the inadequate total investment and the irrational structure, as to these issues, strategies and recommendations were proposed in order to strengthen the human capital investment.展开更多
A company is usually founded by individuals striving to achieve their own or broader goals. Goal achievement related to a company＇s operations is called business or the business process. Human capital （man＇s work, ...A company is usually founded by individuals striving to achieve their own or broader goals. Goal achievement related to a company＇s operations is called business or the business process. Human capital （man＇s work, employees） is an important element of the business process, however its value is not disclosed on the assets side of the classical balance sheet. In order to shown assets, human capital has to be evaluated. Evaluation can be made in monetary or non-monetary terms. Non-monetary models for evaluating human capital include organisational and behavioural variables. These variables are not expressed in monetary terms, however, based on changes in their quality, one can assume the increased or decreased value of human capital within the company. The value of non-monetary models should not be underestimated, however monetary models are of greater importance. In this article, the most significant non-monetary and monetary models of human capital evaluation are discussed. Among non-monetary models the Michigan, Flamholz, and Ogan models are discussed. Among monetary models the replacement costs model, the opportunity costs model, the discounted wages and salaries model, and originally created dynamic model are discussed. A descriptive approach is used to identify the basic characteristics of existing models for evaluating human capital. According to these findings a different approach is taken in developing an original model. Dynamic model can efficiently overcome most of the practical problems and can be used as an appropriate estimator of human capital value expressed in monetary terms. The research limitations are that the dynamic model has not been sufficiently verified in practice. The model could prove to be directly applicable in those enterprises that would like to define the value of their human capital.展开更多
In keeping with the need for skills development and increased demand by business for more robust systems to develop staff, innovative ways for the development of human capital would need to be found. The current role ...In keeping with the need for skills development and increased demand by business for more robust systems to develop staff, innovative ways for the development of human capital would need to be found. The current role of workplace learning would need to align to job and qualification requirements. Organisations would need to explore the development of Corporate Qualifications Frameworks to quantity skills needs. In the process, attention has to be paid to creat contextual awareness as well as a sense of purpose for learners. In essence, an integrated educational model that should be more flexible, more adaptable, and more effective, serving the needs of society at large should be considered. Care should be taken to build frameworks and models that address both the productive needs of organisations, whilst at the same time, ensuring the engagement of individuals. These frameworks should entice the employee to participate in a self-development process that benifits the organisation. Corporates should address the aspirations of individuals and plan more rewarding careers for staff. Employees should have a clear path for development and growth. Through collective effort, all particpants would benefit.展开更多
Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social de...Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social development. In the critical time of China facing population aging and economic transformation, as the new human capital of the labor market, college students play an important role to social and economic development. Therefore, preventing and mitigating their human capital depreciation is necessary. This article focus on human capital investment and configuration stage, analyze the influence of unreasonable human capital investment system and separate labor market segmentation system to college student human capital depreciation, and put forword the corresponding countermeasures.展开更多
In China, combustion of fossil fuels and biomass has produced serious air pollution that does harm to human health. Based on dose-response relationships derived from epidemiological studies, the authors calculated the...In China, combustion of fossil fuels and biomass has produced serious air pollution that does harm to human health. Based on dose-response relationships derived from epidemiological studies, the authors calculated the number of deaths and people with health problems which were thought to be attributable to China＇s air pollution in the year of 2000. In order to estimate the corresponding economic impacts from the national point of view, the general equilibrium approach was selected as an analysis tool for this study. A computable general equilibrium （CGE） model was constructed involving 39 sectors and 32 commodities. The human capital approach （HCA） was also used for comparison. The economic burden of disease for people estimated by HCA was equivalent to 1.26‰ （ranging from 0.44‰ to 1.84‰） of China＇s gross domestic product （GDP）. China＇s GDP loss estimated by the general equilibrium approach reached 0.38‰ （ranging from 0.16‰ to 0.51‰）. The difference between the two approaches and the implications of the results were discussed.展开更多
This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into...This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.展开更多
This paper focused on the intergenerational transmission of poverty in rural China by estimating the intergenerational transmission of earnings and stated its mechanism from the perspective of human capital investment...This paper focused on the intergenerational transmission of poverty in rural China by estimating the intergenerational transmission of earnings and stated its mechanism from the perspective of human capital investment before children participated in the labor market.The data used in this study were longitude data collected in 2000 households of 100 villages among 25 counties across five provinces in 2005,2008,2012,2016,and 2019.Qualitative and quantitative methods were adopted.We found a significant intergenerational transmission of earnings in rural China,especially for the pairs of father–children and parents–children.The intergenerational earnings'elasticities were much less than those in urban areas,which indicated better social mobility in rural areas than that in urban China.The children with parents who could earn much were more likely to be invested before they participated in the labor market,gain a high education and have more skills.Three cases further showed that the mechanism of human capital investment in children breaking the intergenerational transmission of poverty and promoting social mobility.展开更多
Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of h...Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of human capital on energy consumption using an extended version of the Stochastic Impacts by Regression on Population,Affluence,and Technology framework.The estimated results using a panel dataset covering China’s 30 provincial regions during the period 1997-2018 and applying fixed effects with instrumental variables and the generalized method of moments indicated that an increase in human capital significantly drove energy consumption.A 1%increase in human capital increased energy consumption by approximately 0.3%.A two-step channel analysis to test scale,technical,and structural effects revealed that the positive effect of human capital on energy consumption is based primarily on the scale effect.However,highly educated human capital alleviates the energy pressure of this effect.In contrast to the scale effect,both the technical and structural effects of human capital reduced energy consumption,and this reduction is primarily correlated with enterprises’utility-oriented technological progress.Finally,we present strategic energy control policy implications related to human capital.展开更多
Investments in human capital （employees） include investments in the direct assurance of working abilities, investments in health and well-being, and investments in loyalty to the company. These investments are cruci...Investments in human capital （employees） include investments in the direct assurance of working abilities, investments in health and well-being, and investments in loyalty to the company. These investments are crucial for the long-term existence and development of a company, but their value is not disclosed on the assets side of the classical balance sheet. The most important argument of the mentioned approach＇s promoters is that the economic benefits stemming from such investments are uncertain. However, investments in human capital are those with the highest long-term benefits for the company. Therefore, human capital is the only element of the business process that can add value. Other elements （equipment, materials, and services） just transfer their value to products and services. In this paper, the elements of investments in human capital and the methods used to evaluate these investments are addressed. In addition, uniquely shaped financial performance ratios related to investments in human capital are presented along with the system of integrated ratios.展开更多
The paper develops an endogenous economic growth model about allcation of physical and human capital in three sectors. Optimal allocation of physical capital and human capital in three sectors is derived, the fraction...The paper develops an endogenous economic growth model about allcation of physical and human capital in three sectors. Optimal allocation of physical capital and human capital in three sectors is derived, the fraction of physical and human capital in each sector is positively related. The balanced values and the growth rates at steady state are given under certain conditions. Finally relations between the fractions of human capital and parameters are analyzed elaborately.展开更多
In this paper, human capital is considered a kind of goods in terms of investment. Basic consumption and profit margin are the two important components of human capital goods value. Compared with that of the material ...In this paper, human capital is considered a kind of goods in terms of investment. Basic consumption and profit margin are the two important components of human capital goods value. Compared with that of the material capital, the human capital consumption has the following features. The importance of human capital investment determined by the supply-demand mechanism, is growing gradually; The course of investment and return takes a long period of time; Human capital is characterized by strong technicality and weak negotiability; The investment profit margin is changeable and discriminating.展开更多
Skilled labor force cultivated through putting in funds and time in their education are undoubtedly essential in the operation of sophisticated machines in production, but it is so also in the creation of new ideas an...Skilled labor force cultivated through putting in funds and time in their education are undoubtedly essential in the operation of sophisticated machines in production, but it is so also in the creation of new ideas and methods in production and other economic activities, and ultimately in the promotion of the progressive increase of material capital. Thus strengthening the investment of human capital and enriching the stock of human capital is of primary importance, especially for China, in the 21st century.展开更多
Human Capital Theory came into being in the middle and later periods of the 20th century. A lot of achievements have been made on the research in its connotation, measures of the value, investment and income, function...Human Capital Theory came into being in the middle and later periods of the 20th century. A lot of achievements have been made on the research in its connotation, measures of the value, investment and income, function mechanism and so on, by foreign scholars. In recent 10 years of the new Millennium alternation, the "steal business effect" and the structure of human capital on the mechanism of economic rise has become the two emphasis in current foreign Human Capital Theory’s research. On the basis of foreign researches and Chinese situations, domestic scholars have enriched and developed it, but there are many disparities in its methods, aspects and levels between foreign and domestic researches.展开更多
Metropolitan cities in China have become a major economic hubs with an unprecedented increase of land use and decline of environmental resources. Based on a simple and abstract forest conservation model, this paper at...Metropolitan cities in China have become a major economic hubs with an unprecedented increase of land use and decline of environmental resources. Based on a simple and abstract forest conservation model, this paper attempts to explain changes of forest resources caused by urban sprawl. Through the research, it is found that high level of regional human capital is beneficial to curb urban sprawl. In this vein the model presents the urban forest conservation cost strategy at the Nash equilibrium of varied discount factor and parameter control.展开更多
From 2001 to 2012,many local governments in China closed down village teaching sites for primary school students in the first and second grades,consolidating them into larger township schools more distant from village...From 2001 to 2012,many local governments in China closed down village teaching sites for primary school students in the first and second grades,consolidating them into larger township schools more distant from village students’homes.School closure and consolidation are particularly striking in China’s central and western regions,where swathes of rural labor migrated to cities for jobs.As a result,numerous primary school pupils are forced to study at boarding schools in the first and second grades,which is considered as too early for pupils to live without parental care.This paper employs survey data from 137 township schools with boarding qualifications collected by a project team consisting of researchers from the China Institute for Educational Finance Research(CIEFR)of Peking University,the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences(IPLE-CASS)and the Capital University of Economics and Business(CUEB).By matching the home-school distance with village teaching site information as the proxy variable for the school consolidation policy,this paper evaluates the policy's impact on the likelyhood of premature boarding for primary school pupils,as well as the impact on their human capital accumulation.Our study finds that the creation of teaching sites makes it less likely for primary school pupils to board at school.Premature boarding impedes children’s human capital accumulation,and the harmful effect is particularly striking for children lacking pastoral teachers,raised by grandparents and from families above average income levels,as well as girls.展开更多
The effect of specific human capital on governance was analyzed,and a governance frame was proposed based on specific human capital for high-tech enterprises.The frame takes residual rights of claimant and residual ri...The effect of specific human capital on governance was analyzed,and a governance frame was proposed based on specific human capital for high-tech enterprises.The frame takes residual rights of claimant and residual rights of control as core,including the factors of institutional environment and bargaining power.One of the important contexts of Chinese enterprises governance is ownership structure,which means that local government plays an important role in the governance.Meanwhile,the level of market development in China is low,which has an effect on corporate governance.The model of capital gains and status of human capital is explored,and it shows that all of the residual claims belonging to shareholder is only an exceptional case,and the internal factors influencing the residual claim allocation proportion of stakeholders are the scarcity in the capital market and risks born by them.Furthermore,two cases are discussed in detail to study the governance in Chinese high-tech enterprises.展开更多
We use relevant economic and labor force data from 1990 to 2009 of Henan Province to analyze the dynamic relation between stock of rural human capital and farmers' income.Results indicate that a certain causal rel...We use relevant economic and labor force data from 1990 to 2009 of Henan Province to analyze the dynamic relation between stock of rural human capital and farmers' income.Results indicate that a certain causal relationship and long-run equilibrium relation exist between rural human capital and farmers' income,but their interaction shows some lagging characteristic.Increase of farmers' income in Henan Province increases the stock of rural human capital in this province for a short term.However,in the long run,this accumulation effect will decline along with renewal and aging of knowledge.The positive promotion action of rural human capital on farmers' income will appear after a long lag time.Therefore,the policy of strengthening rural human capital input should be long-term and continuous.展开更多
基金funded by the National Natural Science Foundation of China(Grant No.:72074035)the Fundamental Research Funds for the Central Universities(Grant No.:2022CDSKXYGG006)the Graduate Research and Innovation Foundation of Chongqing,China(Grant No.:CYB22057).
文摘The digital economy,which was born during the late third technological revolution,has caused significant economic and societal changes.Amid sluggish global economic growth,China’s economy is facing upgrades and transformations.The sample selection for this study was conducted from 2013 to 2020.Data related to the digital economy and servitization of the industrial structure of 30 Chinese provinces,municipalities,and autonomous regions were collected.This study presents the human capital variable,based on which an econometric analysis was conducted,and examines its moderating effect.The findings indicate that even after the replacement variable indicator’s robustness test,the relationship between the digital economy and the servitization of industrial structures remains unchanged.This study demonstrats that the quality of human capital plays a positive role in this effect.Finally,a heterogeneity test demonstrated that there are different pathways for the impact of the digital economy on the servitization of industrial structures in the eastern,central,and western regions.This study provides evidence to help researchers understand the moderating utility of human capital.
文摘Human Capital Management(HCM)is a management concept that demands theoretical foundations for implementation.It must not be easily equated with human resource management activities.HCM must include initiatives directly focused on the knowledge resources that are at the organization’s disposal.However,using only internal knowledge resources is not enough to raise the level of competitiveness.Organizations must reach outside their environment.It has been adopted that,in instrumental terms,HCM is based on intentionally selected and applied organizational,technical,social,formal,and legal,as well as economic and financial instruments in a manner that enables the organization’s goals to be achieved.At the inter-organizational level,HCM was included in the organization’s business ecosystem as the organization gains new opportunities to use the knowledge and human capital of its stakeholders thanks to its network connections.It is from this perspective that the article proposes the main concepts,goals and practices,methods that HCM can serve.
文摘Based on statistics, this paper reviews China＇s economic growth and industrial upgrade since the reform and opening up in 1978 and estimates the contribution of industrial restructuring to economic growth. With the years of schooling as the proxy variable of human capital, this paper describes changes in China＇s labor competence during the industrial restructuring process. Then, this paper estimates China＇s future human capital demand and shortage based on economic and demographic forecast. Lastly, this paper proposes recommendations for improving human capital in China with skills development and education.
基金Supported by Heilongjiang Province Social Sciences Fund Project (08E016)Natural Science Foundation of Heilongjiang (G201029)
文摘The rural human capital refers to the condensation of the physical body, knowledge, skills, and all the abilities that can improve the capacity of the rural labor productivity. The ability is a form of human capital stock and it plays an important role in China＇s development of rural economy and society, but at present the situation of investment in human capital in rural areas is not optimistic. A lot of problems need to be solved such as the inadequate total investment and the irrational structure, as to these issues, strategies and recommendations were proposed in order to strengthen the human capital investment.
文摘A company is usually founded by individuals striving to achieve their own or broader goals. Goal achievement related to a company＇s operations is called business or the business process. Human capital （man＇s work, employees） is an important element of the business process, however its value is not disclosed on the assets side of the classical balance sheet. In order to shown assets, human capital has to be evaluated. Evaluation can be made in monetary or non-monetary terms. Non-monetary models for evaluating human capital include organisational and behavioural variables. These variables are not expressed in monetary terms, however, based on changes in their quality, one can assume the increased or decreased value of human capital within the company. The value of non-monetary models should not be underestimated, however monetary models are of greater importance. In this article, the most significant non-monetary and monetary models of human capital evaluation are discussed. Among non-monetary models the Michigan, Flamholz, and Ogan models are discussed. Among monetary models the replacement costs model, the opportunity costs model, the discounted wages and salaries model, and originally created dynamic model are discussed. A descriptive approach is used to identify the basic characteristics of existing models for evaluating human capital. According to these findings a different approach is taken in developing an original model. Dynamic model can efficiently overcome most of the practical problems and can be used as an appropriate estimator of human capital value expressed in monetary terms. The research limitations are that the dynamic model has not been sufficiently verified in practice. The model could prove to be directly applicable in those enterprises that would like to define the value of their human capital.
文摘In keeping with the need for skills development and increased demand by business for more robust systems to develop staff, innovative ways for the development of human capital would need to be found. The current role of workplace learning would need to align to job and qualification requirements. Organisations would need to explore the development of Corporate Qualifications Frameworks to quantity skills needs. In the process, attention has to be paid to creat contextual awareness as well as a sense of purpose for learners. In essence, an integrated educational model that should be more flexible, more adaptable, and more effective, serving the needs of society at large should be considered. Care should be taken to build frameworks and models that address both the productive needs of organisations, whilst at the same time, ensuring the engagement of individuals. These frameworks should entice the employee to participate in a self-development process that benifits the organisation. Corporates should address the aspirations of individuals and plan more rewarding careers for staff. Employees should have a clear path for development and growth. Through collective effort, all particpants would benefit.
文摘Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social development. In the critical time of China facing population aging and economic transformation, as the new human capital of the labor market, college students play an important role to social and economic development. Therefore, preventing and mitigating their human capital depreciation is necessary. This article focus on human capital investment and configuration stage, analyze the influence of unreasonable human capital investment system and separate labor market segmentation system to college student human capital depreciation, and put forword the corresponding countermeasures.
文摘In China, combustion of fossil fuels and biomass has produced serious air pollution that does harm to human health. Based on dose-response relationships derived from epidemiological studies, the authors calculated the number of deaths and people with health problems which were thought to be attributable to China＇s air pollution in the year of 2000. In order to estimate the corresponding economic impacts from the national point of view, the general equilibrium approach was selected as an analysis tool for this study. A computable general equilibrium （CGE） model was constructed involving 39 sectors and 32 commodities. The human capital approach （HCA） was also used for comparison. The economic burden of disease for people estimated by HCA was equivalent to 1.26‰ （ranging from 0.44‰ to 1.84‰） of China＇s gross domestic product （GDP）. China＇s GDP loss estimated by the general equilibrium approach reached 0.38‰ （ranging from 0.16‰ to 0.51‰）. The difference between the two approaches and the implications of the results were discussed.
基金the financial support provided by the Natural Science Foundation of China (Nos. 71774071, 71690241, 71673117, 71603105, 71473106, and 71371087)the China Postdoctoral Science Foundation (No. 2016M601568)+5 种基金the Young Humanities and Social Science Foundation of the Ministry of Education of China (No. 14YJC790106)the Grant for the Soft Science Project of Jiangsu Province (No. BR2017024)the Natural Science Foundation of the Jiangsu Higher Education Institutions of China (No. 14KJB170002)the Grant for the Service Research Center of Philosophy and the Social Science Foundation of Zhejiang Province (No. 2013JDN01)the Young Academic Leader Project of Jiangsu University (No. 5521380003)the Education Science Research Project of Shanxi (GH-16082)
文摘This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.
基金financial supported by the National Natural Science Foundation of China(71903185 and 71661147001)the Strategic Priority Research Program of Chinese Academy of Sciences(XDA20010303)the National Social Science Fund of China(18ZDA005)。
文摘This paper focused on the intergenerational transmission of poverty in rural China by estimating the intergenerational transmission of earnings and stated its mechanism from the perspective of human capital investment before children participated in the labor market.The data used in this study were longitude data collected in 2000 households of 100 villages among 25 counties across five provinces in 2005,2008,2012,2016,and 2019.Qualitative and quantitative methods were adopted.We found a significant intergenerational transmission of earnings in rural China,especially for the pairs of father–children and parents–children.The intergenerational earnings'elasticities were much less than those in urban areas,which indicated better social mobility in rural areas than that in urban China.The children with parents who could earn much were more likely to be invested before they participated in the labor market,gain a high education and have more skills.Three cases further showed that the mechanism of human capital investment in children breaking the intergenerational transmission of poverty and promoting social mobility.
文摘Human capital is an important aspect of energy consumption,exerting crucial effects on economic growth,technological progress,and economic restructuring.This paper presents an in-depth investigation of the effect of human capital on energy consumption using an extended version of the Stochastic Impacts by Regression on Population,Affluence,and Technology framework.The estimated results using a panel dataset covering China’s 30 provincial regions during the period 1997-2018 and applying fixed effects with instrumental variables and the generalized method of moments indicated that an increase in human capital significantly drove energy consumption.A 1%increase in human capital increased energy consumption by approximately 0.3%.A two-step channel analysis to test scale,technical,and structural effects revealed that the positive effect of human capital on energy consumption is based primarily on the scale effect.However,highly educated human capital alleviates the energy pressure of this effect.In contrast to the scale effect,both the technical and structural effects of human capital reduced energy consumption,and this reduction is primarily correlated with enterprises’utility-oriented technological progress.Finally,we present strategic energy control policy implications related to human capital.
文摘Investments in human capital （employees） include investments in the direct assurance of working abilities, investments in health and well-being, and investments in loyalty to the company. These investments are crucial for the long-term existence and development of a company, but their value is not disclosed on the assets side of the classical balance sheet. The most important argument of the mentioned approach＇s promoters is that the economic benefits stemming from such investments are uncertain. However, investments in human capital are those with the highest long-term benefits for the company. Therefore, human capital is the only element of the business process that can add value. Other elements （equipment, materials, and services） just transfer their value to products and services. In this paper, the elements of investments in human capital and the methods used to evaluate these investments are addressed. In addition, uniquely shaped financial performance ratios related to investments in human capital are presented along with the system of integrated ratios.
基金Supported by the National Natural Science Foundation of China(70671047)
文摘The paper develops an endogenous economic growth model about allcation of physical and human capital in three sectors. Optimal allocation of physical capital and human capital in three sectors is derived, the fraction of physical and human capital in each sector is positively related. The balanced values and the growth rates at steady state are given under certain conditions. Finally relations between the fractions of human capital and parameters are analyzed elaborately.
文摘In this paper, human capital is considered a kind of goods in terms of investment. Basic consumption and profit margin are the two important components of human capital goods value. Compared with that of the material capital, the human capital consumption has the following features. The importance of human capital investment determined by the supply-demand mechanism, is growing gradually; The course of investment and return takes a long period of time; Human capital is characterized by strong technicality and weak negotiability; The investment profit margin is changeable and discriminating.
文摘Skilled labor force cultivated through putting in funds and time in their education are undoubtedly essential in the operation of sophisticated machines in production, but it is so also in the creation of new ideas and methods in production and other economic activities, and ultimately in the promotion of the progressive increase of material capital. Thus strengthening the investment of human capital and enriching the stock of human capital is of primary importance, especially for China, in the 21st century.
文摘Human Capital Theory came into being in the middle and later periods of the 20th century. A lot of achievements have been made on the research in its connotation, measures of the value, investment and income, function mechanism and so on, by foreign scholars. In recent 10 years of the new Millennium alternation, the "steal business effect" and the structure of human capital on the mechanism of economic rise has become the two emphasis in current foreign Human Capital Theory’s research. On the basis of foreign researches and Chinese situations, domestic scholars have enriched and developed it, but there are many disparities in its methods, aspects and levels between foreign and domestic researches.
基金Supported by the Major Project of National Social Science Fund of China(No.16ZDA026)
文摘Metropolitan cities in China have become a major economic hubs with an unprecedented increase of land use and decline of environmental resources. Based on a simple and abstract forest conservation model, this paper attempts to explain changes of forest resources caused by urban sprawl. Through the research, it is found that high level of regional human capital is beneficial to curb urban sprawl. In this vein the model presents the urban forest conservation cost strategy at the Nash equilibrium of varied discount factor and parameter control.
文摘From 2001 to 2012,many local governments in China closed down village teaching sites for primary school students in the first and second grades,consolidating them into larger township schools more distant from village students’homes.School closure and consolidation are particularly striking in China’s central and western regions,where swathes of rural labor migrated to cities for jobs.As a result,numerous primary school pupils are forced to study at boarding schools in the first and second grades,which is considered as too early for pupils to live without parental care.This paper employs survey data from 137 township schools with boarding qualifications collected by a project team consisting of researchers from the China Institute for Educational Finance Research(CIEFR)of Peking University,the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences(IPLE-CASS)and the Capital University of Economics and Business(CUEB).By matching the home-school distance with village teaching site information as the proxy variable for the school consolidation policy,this paper evaluates the policy's impact on the likelyhood of premature boarding for primary school pupils,as well as the impact on their human capital accumulation.Our study finds that the creation of teaching sites makes it less likely for primary school pupils to board at school.Premature boarding impedes children’s human capital accumulation,and the harmful effect is particularly striking for children lacking pastoral teachers,raised by grandparents and from families above average income levels,as well as girls.
基金Project of Humanities and Social Sciences Study of Ministry of Education of China(No.11YJC630222)Promotive Research Fund for Young and Middle-Aged Scientists of Shandong Province,China(No.BS2010SF007)Foundation of Ludong University,China(No.LY20085902)
文摘The effect of specific human capital on governance was analyzed,and a governance frame was proposed based on specific human capital for high-tech enterprises.The frame takes residual rights of claimant and residual rights of control as core,including the factors of institutional environment and bargaining power.One of the important contexts of Chinese enterprises governance is ownership structure,which means that local government plays an important role in the governance.Meanwhile,the level of market development in China is low,which has an effect on corporate governance.The model of capital gains and status of human capital is explored,and it shows that all of the residual claims belonging to shareholder is only an exceptional case,and the internal factors influencing the residual claim allocation proportion of stakeholders are the scarcity in the capital market and risks born by them.Furthermore,two cases are discussed in detail to study the governance in Chinese high-tech enterprises.
文摘We use relevant economic and labor force data from 1990 to 2009 of Henan Province to analyze the dynamic relation between stock of rural human capital and farmers' income.Results indicate that a certain causal relationship and long-run equilibrium relation exist between rural human capital and farmers' income,but their interaction shows some lagging characteristic.Increase of farmers' income in Henan Province increases the stock of rural human capital in this province for a short term.However,in the long run,this accumulation effect will decline along with renewal and aging of knowledge.The positive promotion action of rural human capital on farmers' income will appear after a long lag time.Therefore,the policy of strengthening rural human capital input should be long-term and continuous.
