Academic Journal of Business & Management, 2022, 4(18); doi: 10.25236/AJBM.2022.041811.
Yinhui Zhai1, Hui Sun1,2, Yongfang Dou1
1College of Economics and Management, Xinjiang University, Urumqi, China
2Innovation Management Research Center, Xinjiang University, Urumqi, China
Based on the Cobb-Douglas production function model, the data of the number of graduate students, physical capital stock, education expenditure and regional gross national product in Xinjiang from 2002-2019 were selected as the basis for calculating the human capital stock of graduate students by using the method of years of education to further analyze the impact of graduate education on economic growth. The results show that postgraduate education in Xinjiang region promotes the national economic growth of Xinjiang region and the contribution rate reaches 0.1360%, and the stock of social physical capital and the investment of the whole society in education funding have a greater role in promoting economic growth. On this basis, relevant countermeasures and suggestions are given for economic development and improving the quality of postgraduate education in Xinjiang region.
graduate education, production function, human capital, economic growth
Yinhui Zhai, Hui Sun, Yongfang Dou. A Study on the Contribution of Human Capital to Economic Growth of Graduate Students in Xinjiang. Academic Journal of Business & Management (2022) Vol. 4, Issue 18: 62-67. https://doi.org/10.25236/AJBM.2022.041811.
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