Overview

This book develops a human capital model to explain transformational growth within different stages of economic development, which will induce technological changes and consequently will require a change in human capital. China is a case study in transition and can provide useful lessons to other emerging economies.

Full Product Details

Author:   John Joshua
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Edition:   1st ed. 2015
Dimensions:   Width: 14.00cm , Height: 1.90cm , Length: 21.60cm
Weight:   4.974kg
ISBN:  

9781137529350

ISBN 10:   1137529350
Pages:   301
Publication Date:   27 July 2015
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Introduction (i) Structural Transformational Growth and the Transformation of Human Capital (ii) Uneven Structural Transformation between Chinese Provinces (iii) Aims of the Thesis (iv) Outline of the Study Chapter 1 Neoclassical and Endogenous Growth Models (i) A Comparative Analysis of Neoclassical and Endogenous Growth Theories (a) The Harrod-Domar Theory of Economic Growth (b) The Neoclassical Model of Economic Growth (c) The Endogenous Growth Model (ii) Human Capital and the Endogenous Nature of Technological Change (iii) Endogenous and Exogenous Factors as Facilitators of Economic Growth Conclusion Chapter 2 The Accumulation of Human Capital as a Factor of Production (i) The Accumulation of Human Capital and its Transformation into Economic Growth (ii) The Complementarity between Human Capital and Physical Capital (iii) The Nexus between Human Capital and Technological Change and their Effects on Economic Growth (iv) Economic Policies for Economic Growth through Capital Accumulation (v) Policies for Human Capital Formation to Enhance Economic Growth (vi) Policies for the Provision of Educational Resources and Educational Performance Conclusion Chapter 3 Pathways of Human Capital towards Economic Growth (i) Pathways of Human Capital towards Economic Growth and Development (ii) Work Processes and the Applications of Human Capital (iii) The Enhancement of Productivity through Human Capital and Technological Change (iv) Human Capital and the Production Possibility Curve (v) The International Best-Practice Production Function Conclusion Chapter 4 Human Capital Transformation and Cycles of Innovative Economic Development (i) Human Capital Theories, R&D and Technology Transfer (ii) Human Capital and Innovations as Creative Destructions (iii) The Induced Innovation Hypothesis (iv) Innovation and Product Cycles as Determinants of Economic Growth (v) Learning-by-Doing within a Globalized Economy (vi) The Import-Production-Export Cycle and the Transformation of Human Capital (vii) The Capital Goods Import-Production-Export Cycle (viii) The Human Capital Transformation: From Comparative to Competitive Advantage Conclusion Chapter 5 Stages of Economic Development and Convergence and the Changing Demand for Human Capital (i) Structural Transformation and the Effect on Human Capital (ii) Stages of Economic Development andChanging Demand for Human Capital (iii) The Transformation of Human Capital through Stages of Economic Development (iv) The Appropriateness of Various Types of Human Capital and the Stages of Development (v) The Contribution of Human Capital within different Stages of Economic Development (vi) The Contribution of Human Capital and Economic Growth with different Sectors of the Economy (vii) The Theoretical Framework of Absolute and Conditional Convergence Conclusion Chapter 6 Human Capital, Income Distribution and Economic Growth (i) The Wage Structure and Economic Growth (ii) The Effects of Technological Change on Human Capital and its Associated Wage Levels (iii) Changes in Human Capital and their Effects on the Distribution of Income (iv) Regional Income Distribution and Human Capital (v) Provincial Inequality of the Spending of Education (vi) The Inequality of Income across Chinese Provinces (vii) Equity and Economic Growth Conclusion Chapter 7 An Economic Profile of China (i) Economic Reforms and their Effects on Chinese Economic Development (ii) Market Reforms and China '' ''s Growth Engines (iii) China within the Global Economy: The Effect of the Special Economic Zones and Openness on Chinese Provincial Development (iv) China '' ''s Unequal Development and the Widening Income Gap (v) China '' ''s Move towards the International Technological Frontier Conclusion Appendix I: Provincial Map of China Chapter 8 Transformational Growth and Human Capital Transformation in China (i) Perpetual Structural Transformational Growth and Human Capital (ii) Foreign Direct Investment and the Effect on Human Capital Formation (iii) Export-led Growth and its Effect on Human Capital (iv) The Spill-over Externalities if the '' ''Open Door '' '' Policy and Infrastructure (v) The Flying-Geese Pattern of Economic Development within a Globalized Economy Conclusion Chapter 9 Convergence and Divergence between China '' ''s Provinces (i) Convergence versus Divergence between Chinese Provinces: The Formation of Clubs (ii) The Empirics on Economic Growth and Convergence between Chinese Provinces (iii) Comparative Growth Rates between Provinces (iv) Endogenous Growth Theory and Chinese Provincial Economic Policies (v) The Inter-Provincial Migration of Surplus Labour (vi) Divergence of Income Distribution between China '' ''s Provinces Conclusion Chapter 10 Review of Empirical Studies on China '' ''s Economic Growth (i) Conflicting Evidence of Human Capital Contribution to GDP in Cross-Country Studies (ii) The Contribution of Human Capital to Chinese Provincial Growth (iii) Human Capital and Its Effect on Total Factor Productivity (iv) Limitations of Previous Studies Conclusion Chapter 11 New Evidence on the Contribution of Human Capital to Chinese Provincial Economic Performance 1. The Data Generating Process 2. Data Limitations 3. Econometric Methodology 3.1 Production Functions 3.2 Growth Regressions 3.3 Analysis of Growth Volatility 3.4 Multi-Factor Productivity 4. Measurement of Variables 4.1 Human Capital 4.2 Other Variables 5. Human Capital and Chinese Provincial Income Levels 6. Human Capital and Chinese Provincial Growth 7. Control Variables 8. The Effects of Aggregation 9. The Effectsof Spillovers 10. Interactions 11. Human Capital and Growth Volatility 12. Human Capital and Chinese Provincial Multi-Factor Productivity 13. Endogeneity Conclusion Conclusion 1. Structural Transformational Growth of China '' ''s Economy 2. Endogenous Technological Change and Human Capital 3. Methods and Findings 4. The Widening Gap of Income Disparity and Convergence 5. Economic Policies and Human Capital 6. New Directions: The Shift from Comparative to Competitive Advantage                                                         

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Author Information

Dr John Joshua taught Economics and Accounting to undergraduates and post-graduates in Melbourne and in China for many years, while concurrently completing three separate PhDs at Monash University, Melbourne University and Deakin University in Sociology, Education and Economics respectively. His research interests are the economic, sociological and educational implications resulting from structural transformations occurring in emerging economies.

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