TITLE:
The Interactive Effect of Talent Gathering, Technological Innovation and High-Quality Economic Development: An Empirical Analysis Based on China’s Provincial Panels
AUTHORS:
Mingjun Wei
KEYWORDS:
Talent Gathering, Technological Innovation, High Quality Economic Development, PVAR
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.6,
November
8,
2023
ABSTRACT: Based on the panel data of 30 provinces in China
from 2006 to 2019, this paper uses the panel vector autoregression model to
empirically analyze the interaction and lagging influence among talent
gathering, technological innovation and high-quality economic development. The
research results indicate that the variance
decomposition of high-quality economic development shows that talent
aggregation and technological innovation are both driving forces for
high-quality economic development, but the lag effect of talent aggregation is
relatively small. For every 1% increase in talent aggregation level, the level
of high-quality economic development increases by 0.154%. For every 1% increase
in technological innovation level, the level of high-quality economic development
increases by 0.325%; in the variance decomposition results of talent
aggregation, high-quality economic development and technological innovation
have a positive effect on talent aggregation and the effect is gradually
increasing, but the lag effect of talent aggregation itself is becoming smaller
and smaller. For every 1% increase in the level of high-quality economic
development, the level of talent aggregation increases by 1.204%. For every 1%
increase in technological innovation level, the talent aggregation level
increases by 0.212%; in the variance decomposition results of technological
innovation, the lag effect of high-quality economic development and talent
aggregation is relatively large, but the proportion of talent aggregation is
relatively small. For every 1% increase in the level of high-quality economic
development, technological innovation increases by 1.700%. For every 1%
increase in talent aggregation, technological innovation increases by 0.141%.
Therefore, relying solely on talent aggregation cannot achieve the goal of
high-quality economic development. It is also necessary to increase innovation
investment, enhance the effect of talent aggregation, allocate resources
reasonably, and form a positive interaction among the three.