Dr. Yunfei Shao, Dr. Xiaowo Tang, Jianfeng Wangi

University of Electronic Science and Technology of China, Chengdu, China
Email: Shaoyf@uestc.edu.cn

This paper analyzes the relationship between the human capital and economic growth in Zhejiang province in China. The Cobb-Douglas theory is applied to calculate the contribution factor of human capital to the economy growth in Zhejiang province from time series data. The result indicates that human capital with various educated levels and overall human capital both strongly correlated to the economy growth. Based on the analysis of the economic data, Zhejiang province should further strengthen its universal elementary education and higher education to facilitate its further economic growth.
[This project has been supported financially by a Special Research Fund for the Doctoral Program of Higher Education of China (No. 20030614011). The social science project of Ministry of Information Industry of China (I105149).]