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Human Capital of Rural Regions of Modern China

Author

Listed:
  • Alexander Victorovich Petrov

    (Saint-Petersburg State University)

  • Zhi Jingkai

    (Saint-Petersburg State University)

  • Maria Sergeevna Baynova

    (Moscow Financial and Industrial University ‘Synergy’)

  • Ariadna Alexandrovna Petrova

    (Institute of History, Saint-Petersburg State University)

Abstract

The purpose of the article is to analyze the results of actual theoretical and empirical studies of the process of accumulation of human capital in rural regions of China at the present stage of economic development. The PRC is still a country with a large proportion of the population living and working in rural regions. That is why the sustainability of the development of these regions and the country’s economy as a whole is largely determined by the peculiarities of the development of the labor resources of Chinese villages. The process of accumulation of human capital in rural regions plays an important role in China’s economic and social policy, as well as in solving the problem of ‘sannun’. The process of accumulation of human capital is influenced by three groups of interrelated factors: urbanization with Chinese characteristics, the level and quality of life, infrastructure and socio-institutional environment. The results of a comprehensive analysis of the influence of these groups of factors led to the conclusion that an elementary increase in public investment in the agricultural sector and rural regions of the PRC against the background of the development of free market relations, urbanization and income differentiation is not enough to ensure conditions for sustainable economic development and solving this problem. The role of human capital in the development of rural regions of China will increase only with the provision of opportunities to create an effective infrastructure and a favorable socio-institutional environment for its accumulation

Suggested Citation

  • Alexander Victorovich Petrov & Zhi Jingkai & Maria Sergeevna Baynova & Ariadna Alexandrovna Petrova, 2023. "Human Capital of Rural Regions of Modern China," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 147-167.
    • Handle: RePEc:far:spaeco:y:2023:i:1:p:147-167
    DOI: https://dx.doi.org/10.14530/se.2023.1.147-167
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    More about this item

    Keywords

    human capital; agriculture; rural regions; the problem of ‘sannun’; socio-institutional environment; economic development; China;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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