Influence of innovative human capital on economic development of China through the STI model

Abstract

With the continuous progress of the times, innovation is the first driving force of development, and human capital is the carrier of innovation ability. Innovative human capital plays an important role in China’s economic development and enhancing its competitiveness. By selecting physical capital, labor input and innovative human capital input, and establishing an RBM-STI function model, the impact of innovative human capital on China’s economic development is calculated. The results show that innovative human capital has a significant role in promoting the contribution rate of economic development. And in the 2021-2022 stage, the growth rate of innovative human capital input and output is the largest, at 81.9%, while the growth rate of physical capital input and output is only 26.3%. It shows that although the role of physical capital in promoting economic development is not as obvious as that of innovative human capital, it is still the backbone of promoting economic development. The lowest contribution rate to economic growth in China’s provinces and cities is the labor input, which accounts for only 9.6% in the 2021-2022 period.

Peran inovasi dalam pembangunan ekonomi dan pendidikan menuju visi Indonesia Maju 2045

“…Dalam konteks perjalanan Indonesia menuju kemajuan ekonomi dan pendidikan, kekuatan transformatif dari sumber daya manusia yang inovatif sangatlah penting. Penelitian oleh R. Zhang (2023) menggarisbawahi peran penting sumber daya manusia yang inovatif dalam mendorong pembangunan ekonomi, dengan menyoroti potensi investasi pada sumber daya manusia untuk mendorong pertumbuhan yang dipimpin oleh inovasi. Selain itu, penelitian seperti yang dilakukan oleh Iaroslav et al (2020) menunjukkan peran penting dari kewirausahaan inovatif dalam pengembangan dinamis dan fleksibilitas dalam perekonomian, yang menunjukkan bagaimana kewirausahaan terkait dengan inovasi untuk mendorong kemajuan ekonomi.…”