Impact of Human Capital on Economic Growth Based on Spatial Economic Perspective

摘要

This article studies on bind of different country's human capital and its economic growth by means of spatial econometric model. Firstly, this study construct spatial model of the Cobb-Douglas production function with human capital factors and expansion spatial Benhabib and Spiegel model and then use these two models to discuss human capital and its spatial lag's contribution to economic growth. The empirical results show that, even in considering the case of spatial elements, studying human capital as a common element of production inputs, the role of human capital in the country and neighboring countries on the country's per capita income growth is not significant; there is a certain spatial relationship between the human capital and economic growth; the capability of independent innovation based on human capital and advanced technology absorptive capacity are significantly which will boost the economy.