Sturdy on international trade and human capital accumulation

¹YU Miaojie:Liaoning University

²WU Shuang:Institute of New Structual Economics,Peking University

Abstract：

International trade and human capital are important factors affecting economic growth. In order to study the relationship between international trade and human capital accumulation, this paper conducts a systematic review of the classic literature in this field, summarizes the heterogeneity characteristics presented in the existing literature, and focuses on the analysis of the effect of the policy impact of trade liberalization on the accumulation of human capital in various countries. The research believes that there is a relatively complex interaction mechanism between international trade and human capital. International trade will affect the accumulation and distribution of human capital, and human capital will in turn react to the element content of trade and import and export decisions. International trade have significantly diversified effects on human capital of different regions, different sectors, different enterprises and different individuals; trade liberalization not only directly affects human capital accumulation, but also indirectly affects human capital by affecting labor demand elasticity, labor income share, and skilled labor migration; due to the complementarity of capital and skills, capital imports will promote human capital accumulation by increasing the demand for skills and the skill premium.

Keywords：international trade; human capital; labor market; heterogeneity; trade liberalization; capital import;