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人力资本积累与制度变迁对经济持续增长会产生联动效应:一方面人力资本积累和技术进步会直接带来经济增长,并引发制度创新和制度变迁;另一方面制度变迁又会通过影响技术进步、劳动和资本的投入发挥对经济增长的间接效应。因此,人力资本积累与制度变迁将通过代际人力资本的累积机制最终可转化为社会生产力共同推动经济的持续增长。基于以上理论基础和假说,构建了内生经济增长联动模型,并引入制度变迁与人力资本积累的学习方程,运用1999~2012年中国31个省级面板数据对理论模型进行了实证检验。
The accumulation of human capital and institutional changes have a synergistic effect on sustained economic growth: on the one hand, human capital accumulation and technological progress will directly bring about economic growth and lead to institutional innovation and institutional changes; on the other hand, institutional changes will affect technological progress, Labor and capital inputs exert an indirect effect on economic growth. Therefore, the accumulation of human capital and the institutional change will eventually be transformed into social productive forces through the cumulative mechanism of human capital on an intergenerational basis to jointly promote sustained economic growth. Based on the above theoretical foundation and hypothesis, this paper constructs a linkage model of endogenous economic growth, introduces the learning equation of institutional change and human capital accumulation, and empirically tests the theoretical model with panel data of 31 provinces in China from 1999 to 2012.