Analysis on the Spatial Effect of Social Security and Economic Growth from the Perspective of Human Capital

Abstract

The level of human capital is an important driving force of modern economic growth, and social security is the "safety net" and "stabilizer" in the process of economic and social development. Based on the perspective of human capital, this paper studies the impact of social security level on economic growth. The method of combining qualitative and quantitative analysis is adopted. This paper analyzes the current situation of social security level and economic growth in various regions of China. And analyze the correlation between social security and economic growth. Based on the theoretical model of human capital economic growth. Establish a theoretical model of the impact of social security on economic growth from the perspective of human capital. Comprehensively consider the spatial interaction of economic growth. Using the spatial panel econometric model, this paper makes an empirical analysis of 31 provinces in China. Use Geoda, MATLAB, and other software for empirical calculation. The results show that China's social security level and economic growth are generally on the rise, but there is an unbalanced regional distribution. And there is a positive correlation between social security and economic growth. The empirical results show that there is an obvious positive spatial auto-correlation in China's regional economic growth. The promotion effect of the human capital level on economic growth is greater than that of the social security level. And the study found that the improvement of human capital level will inhibit the role of social security in promoting economic growth. There is a significant negative spatial spillover effect between human capital and social security. We should consider further improving the per capita education level and improving the social security system, so as to promote the balanced development of the regional economy.