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Empirical Study on Human Capital, Economic Growth and Sustainable Development: Taking Shandong Province as an Example

Author

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  • Sujuan Wang

    (Business School, Shandong University, Weihai 264209, China)

  • Xiaonan Lin

    (Business School, Shandong University, Weihai 264209, China)

  • Honggen Xiao

    (School of Hotel and Tourism Management, Hong Kong Polytechnic University, Hong Kong, China)

  • Naipeng Bu

    (Business School, Shandong University, Weihai 264209, China)

  • Yanan Li

    (School of Innovation and Management, Suan Sunandha Rajabhat University, Bangkok 10300, Thailand)

Abstract

This study aims to explore the sustainable development of the regional economy from the perspective of human capital. Based on the panel data from 2005 to 2019 in Shandong Province, China, this study first analyzes the interactive coupling mechanism between human capital and sustainable economic growth, and then constructs the evaluation model of coupling coordination degree. Results reveal that Shandong Province’s human capital and sustainable economic growth gradually increased; the coupling coordination degree of human capital and sustainable economic growth changed from a state of mild imbalance to slight coordination; sustainable economic growth lagged human capital development; education scale, innovation capacity, growth level, economic openness, and investment and consumption level are the key factors affecting sustainable economic development. Through the above research, the study puts forward policy suggestions conducive to sustainable development in China.

Suggested Citation

  • Sujuan Wang & Xiaonan Lin & Honggen Xiao & Naipeng Bu & Yanan Li, 2022. "Empirical Study on Human Capital, Economic Growth and Sustainable Development: Taking Shandong Province as an Example," Sustainability, MDPI, vol. 14(12), pages 1-22, June.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:12:p:7221-:d:837537
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    References listed on IDEAS

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    1. Min Zhou & Bing Kuang & Min Zhou & Nan Ke, 2022. "The Spatial and Temporal Evolution of the Coordination Degree in Regard to Farmland Transfer and Cultivated Land Green Utilization Efficiency in China," IJERPH, MDPI, vol. 19(16), pages 1-16, August.
    2. Abas Omar Mohamed, 2022. "Modeling and Forecasting Somali Economic Growth Using ARIMA Models," Forecasting, MDPI, vol. 4(4), pages 1-13, November.
    3. Ying Zhang & Zhiqiang Fang & Zhongqi Xie, 2023. "Coupling and Coordination Relationship between Human Settlement Environments and Resident Demand: An Empirical Study from China," Sustainability, MDPI, vol. 15(10), pages 1-20, May.
    4. Muhamadu Awal Kindzeka Wirajing & Tii N. Nchofoung & Felix Mejame Etape, 2023. "Revisiting the human capital–economic growth nexus in Africa," SN Business & Economics, Springer, vol. 3(7), pages 1-29, July.

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