The Impact of Human Capital Accumulation and Technological Innovation on the Improvement of Regional New Quality Productivity

Main Article Content

Yuyan Tan

Keywords

new quality productivity, human capital, technological innovation, high-quality development

Abstract

Against the backdrop of a new round of technological revolution and industrial transformation, new-quality productivity, as advanced productivity driven by innovation and low-carbon greening, is highly important for promoting high-quality economic development. This article theoretically summarizes the impact logic of human capital accumulation and technological innovation on new quality productivity and uses a double difference model to empirically analyse the impact of human capital accumulation on regional new quality productivity by using urban talent introduction policies as quasi natural experimental identification variables. Research has revealed that (1) the implementation of talent introduction policies has a significant positive effect on new-quality productivity, verifying the importance of human capital accumulation for high-quality economic development. (2) Human capital enhances the level of regional new-quality productivity by influencing technological innovation. (3) Heterogeneity test results reveal that groups with high fiscal self-sufficiency rates, high talent scales, and developed cities have a stronger promoting effect on human capital accumulation, and the more complete the supporting measures of urban talent introduction policies are, the more significant their promoting effect. (4) Considering the factors of policy synergy, the accumulation of human capital and technological innovation have jointly promoted the improvement of regional new-quality productivity. Finally, corresponding policy recommendations were proposed for improving talent introduction policies, promoting regional technological innovation and development, and enhancing policy evaluation and dynamic adjustment mechanisms.

Abstract 30 | PDF Downloads 8

References

  • Acemoglu, D., & Zilibotti, F. (2001). Productivity differences. Quarterly Journal of Economics, 116(2), 563-606. https://doi.org/10.1162/00335530151144104
  • Dai, K., Li, X., & Luo, J. (2020). Human capital structure upgrading, factor market development and service industry structure upgrading. Finance & Trade Economics, 41(10), 129-146.
  • Galor, O., & Weil, D. N. (2000). Population, technology, and growth: From Malthusian stagnation to the demographic transition and beyond. American Economic Review, 90(4), 806-828. https://doi.org/10.1257/aer.90.4.806
  • Gan, C., Zheng, R., & Yu, D. (2011). An empirical study on the effects of industrial structure on economic growth and fluctuations in China. Economic Research Journal, 5(4), 16.
  • Griliches, Z. (1973). Research expenditures and growth accounting. In B. R. Williams (Ed.), Science and technology in economic growth (pp. 59-95). Springer. https://doi.org/10.1007/978-1-349-01731-7_3
  • Han, W., Zhang, R., & Zhao, F. (2024). The measurement of new quality productivity and new driving force of the Chinese economy. Journal of Quantitative & Technological Economics, 41(6), 5-25.
  • Huang, Y., Liu, Y., Wu, Y., & Li, W. (2013). Economic growth and regional inequality in China: Effects of different levels of education. Economic Research Journal, (4), 94-105.
  • Jin, Z., & Zhang, X. (2024). Local talent introduction policies and corporate cost management decisions. Journal of World Economy, 47(3), 124-150.
  • Lang, M., Zhao, Y., & Li, Y. (2023). Behavioral alienation of local government competition: Why does talent competition transform into population competition. Journal of Shanxi University of Finance and Economics, 45(5), 15-27.
  • Liu, J., Huang, L., Sheng, W., & Tang, D. (2023). The spatial effect of human capital agglomeration in China: Siphon or diffusion? Population Research, 47(2), 112.
  • Liu, Z. (2024). Promoting development of new quality productive forces through new production relations. Theoretical Exploration, (3), 5-11.
  • Luintel, K. B., & Khan, M. (2011). Basic, applied and experimental knowledge and productivity: Further evidence. Economics Letters, 111(1), 71-74. https://doi.org/10.1016/j.econlet.2011.01.017
  • Nelson, R. R., & Phelps, E. S. (1966). Investment in humans, technological diffusion, and economic growth. American Economic Review, 56(1/2), 69-75.
  • Ren, B., Cheng, Z., & Zong, J. (2024). Measurement and spatiotemporal evolution of new qualitative development level of manufacturing during the formation of new quality productivity. Journal of Quantitative & Technological Economics, 41(12), 5-24.
  • Ren, B., & Gong, Y. (2024). The mechanism and path of digital new quality productive forces promoting the new qualitative transformation of traditional industries. Journal of Lanzhou University (Social Sciences), (3), 13-22.
  • Shi, X. (2024). Empowering new quality productivity with digital economy and reshaping new production relations: An analysis from the perspective of political economy. Journal of Zhengzhou University (Philosophy and Social Sciences), (4), 17-23.
  • Song, H., & Peng, D. (2019). Factor endowment structure, biased technology progress and total factor productivity growth—An empirical study based on regional heterogeneous stochastic frontier production function. Jiangxi Social Sciences, 39(9), 47-59.
  • Wang, S., & Cao, J. (2024). The origins, formation and cultivation mechanism of China's new quality productivity: Based on the perspective of Marxist political economy. Nanjing Journal of Social Sciences, 3(10), 1-5.
  • Xi, J. (2024). Developing new quality productive forces is an inherent requirement and important focus for promoting high-quality development. QiuShi, 11(4), r8-r8.
  • Xue, Q., Shi, D., & Shi, K. (2024). The formation logic, new qualitative characteristics, and theoretical elements of new productive forces. Contemporary Finance & Economics, (7), 3.
  • Zhang, J., Bi, Y., & Jin, Y. (2021). The incentive effect of "Promote Construction by Upgrading" policy of Chinese Hi-tech Zones on enterprise innovation. Management World, (7), 76-91.
  • Zhang, L., Lin, G., & Lvu, X. (2024). Spatial differentiation and driving factors of urban economic resilience from the perspective of industrial structure upgrading. Geographical Science, 44(9), 1577-1586.
  • Zhao, P., Zhu, Y., & Zhao, L. (2024). National big data comprehensive experimental zone and new quality productivity: Based on empirical evidence from 230 cities. Journal of Chongqing University (Social Science Edition), 30(4), 62-78.
  • Zhao, X. (2022). Research on the technology innovation effect of new digital infrastructure. Statistical Research, 39(4), 80-92.
  • Zhong, S., & Li, K. (2009). Study on the relation between population dividend and economic growth. Population & Economics, (2), 56-57.
  • Zhou, Y., Qiu, Z., Jiang, S., & Liu, M. (2024). Development of the digital economy and common prosperity in rural areas: A collaborative perspective of e-commerce and digital finance. Economic Research Journal, 59(7), 54-71.

Similar Articles

11-20 of 33

You may also start an advanced similarity search for this article.