Social Sciences in China (Chinese Edition)

No.6, 2019

Improving the Efficiency of Enterprise Technology Application and Strengthening the Construction of Human Capital

(Abstract)

Li Jing, Liu Xiahui and Nan Yu

Our research explored the micro-foundation of innovation-driven high-quality economic development, building a growth model of enterprise technological progress and taking human capital allocation as the entry point for portraying the balanced option of investment in enterprise R&D plus efficient application of technology, together with the optimal growth path determined by this choice. Our findings show that improving the efficiency of enterprise technology application can promote the effective allocation of human capital; hence it is an important condition for selecting the optimal growth path. The successful implementation of this program requires that government develop new growth points and new momentum for high-quality economic development and optimize allocation of human resources by actively promoting the effective supply of modern service industries (science, education, culture, health, sports, etc.) that foster and build up human capital at the macro-structural level and by realizing the in-depth integration of advanced manufacturing and modern service industries.