Open AccessThe Impact of Higher Education and Human Capital Quality on “Local-Neighborhood” Economic Growth
Author(s) -
Ran Zhao,
Yong Du
Publication year - 2021
Publication title -
best evidence of chinese education
Language(s) - English
Resource type - Journals
eISSN - 2639-5320
pISSN - 2639-5312
DOI - 10.15354/bece.21.ar22
Subject(s) - human capital , spillover effect , economic geography , panel data , china , economics , index (typography) , quality (philosophy) , knowledge spillover , economic growth , geography , econometrics , microeconomics , philosophy , archaeology , epistemology , world wide web , computer science , macroeconomics
Based on China’s provincial panel data from 1990 to 2017 and the improved Lucas, Nelson & Phelps model, the Spatial Dubin Model is used to test the spatial effects of higher education and human capital quality. The results showed that high-level human capital, characterized by higher education and urban labor income index, indirectly promoted local economic growth through technological innovation. There was also a “local-neighborhood” synergy effect. The neighborhood effect was manifested in that it affected the economic development of neighbors by promoting technological catch-up. After considering the quality factor, both the local and neighborhood effects were enhanced. From a regional perspective, higher education in the Yangtze River Delta, where the level of economic development is relatively high, was manifested as a spatial spillover effect of technological innovation and the neighborhood effect in the northeastern Bohai Rim and the Pearl River Delta was manifested as a technological catch-up.