关键词: 有效闲暇, 玩中学效应, 新人力资本, 经济增长, 劳动生产率

Abstract: In modern economies with increasing proportion of service industry, the accumulation of human capital not only relies on traditional inputs such as education and medical care, but also increasingly relies on informal education in leisure time. This paper introduces effective leisure and “Learning by Playing” to the traditional human capital theories and updates the economic growth effect of human capital. At the same time, the panel data of 138 major countries in the world from 1995 to 2019 are selected for empirical analysis. The analysis results show that the new human capital caused by effective leisure among countries has a significant positive impact on the economic development by improving labor productivity. The conclusion of this paper is that there is a positive correlation path between economic growth with more leisure and high-quality development: with the improvement of technology and life quality, economic slowdown and increased leisure, after optimizing leisure allocation, can improve labor productivity and form new human capital, thus effectively contributing to high-quality economic growth of China.

Key words: Effective Leisure, Learning by Playing, New Human Capital, Economic Growth, Labor Productivity