The theoretical basis that governments can involve in human capital investment through the public policies is that "market failure" occurs in human capital investing and that governments can set up the supporting system to promote human capital investment through the public policies of providing financing,regulating tax policy and perfecting labour force market,etc.
This paper expounds the connotation of the functional mechanism of human capital,probes into the problems of human capital investment,and analyzes on the environment of functional mechanism of human capital.
Today, multinational company (MNCs) becomes the main inventor, owner and user of advanced technology, and foreign direct investment (FDI) initiated by MNCs is a compound composed of capital, technology, knowledge and management, which is one of the most important carrier to transfer technology.
Accompany with the revolution of new technology and the development of knowledge economy, the main factors causing economic growth are not labor force and capital, but technologies and knowledges, actually is the carrier of technologies and knowledges——talent.
In the recent years, the city of Jiaozuo has maintained a rapid socio-economic development, many of it’s economic indicators have entered the forefront of Henan province, but about the three elements of economic development, as a typical mining town, Jiaozuo is facing the danger of depletion of natural resources, the growth of capital investment is also limited, but development of human resources is the most potential.
The large amount of foreign capital has made up the insufficiency of domestic capital. Moreover, the overseas advanced technology has accelerated the industrialization process and promoted upgrade industries of our country.
Then the author,on the basis of theoretical model of software "supporting environment",proposes the environment construction for talent internationalization strategy with 3 levels that are market directing(capital input and venture platform),system directing(policy guiding and law guarantee) and value directing(culture ambiance and resonance),which reflects the implement way of how to efficiently accelerate talent internationalization from the three aspects of material civilization,political civilization and spiritual civilization.
The results show that the type of Qingdao's economic growth is promoted by capital and the output elasticity and contribution rate of human cap- ital are low,while the spillover effect of human capital is not clear.
By numerical analysis, the fertility decreases with the per capita capital and per capita consumption increasing and increases with the per capita capital and per capita consumption decreasing on the economic growth path are obtained.
Effects of exchange rate and tariffs on an open economy of scarcity of capital
In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.
The dynamics and market price of capital, and the solution of foreign asset holding of the firm are discussed.
Necessary and sufficient condition for the existence of a nonnegative equilibrium price vector in the capital market with short-