Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Relationship Between Human Capital Index and Economic Development

What is the Impact of Education Policy on China’s GDP

Authors
Aurora Manlin Qiu1, *, Tim Zewei Lian2, Danny Zhaolong Wang3
1Business School, Durham University, Durham, DH1 3LB, UK
2School of Mathematics and Information, South China Agricultural University, Guangzhou, 510642, China
3Business MIS, University at Buffalo, Buffalo, 14260, USA
*Corresponding author. Email: manlinqiu@163.com
Corresponding Author
Aurora Manlin Qiu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_89How to use a DOI?
Keywords
China education policy; GDP growth rate; economic impact; China education history; health impact
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.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_89How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Aurora Manlin Qiu
AU  - Tim Zewei Lian
AU  - Danny Zhaolong Wang
PY  - 2022
DA  - 2022/12/27
TI  - The Relationship Between Human Capital Index and Economic Development
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 780
EP  - 786
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_89
DO  - 10.2991/978-94-6463-052-7_89
ID  - Qiu2022
ER  -