Correlation Analysis of Surplus Labor Transfer and Economic Growth Based on STR Model

Abstract

For a long time, the research on the relationship between economic growth and the transfer of surplus labor has been the focus and hot issue of all kinds of people. As a model that can describe the nonlinear transformation between different states of variables in detail, the STR model is the Frontier and hot topic of nonlinear time series analysis. In recent years, it has been successfully applied in the fields of economy, finance, capital market, macro policy simulation, and so on. The STR model can well describe the nonlinear and nonequivalent linkage effect between economic growth and surplus labor and has significance in both practice and theory. By constructing an STR model of four variables, including the added value of rural labor transfer and the real added value of each industry, this paper conducts an empirical analysis on the extremely dynamic interaction between the transfer of rural surplus labor and various industries in China. There is an interactive effect of economic growth. The results of the study show that the relationship between human capital and economic growth in China presents a nonlinear characteristic of periodic changes, and frequently switches between linear and nonlinear relationships.