Contemporary Finance & Economics ›› 2017, Vol. 0 ›› Issue (10): 220-.

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Human Capital and Technological Innovation in China’s Capital-Intensive and Technology-Intensive Industries: An Empirical Study Based on Quantile Regression Model

MA Ying, HE Qing   

  1. (Wuhan University, Wuhan 430072, China)
  • Received:2017-07-04 Published:2021-01-21

Abstract: Based on the panel data of China’s capital-intensive industries and technology-intensive industries, this paper makes an empirical analysis of the impacts of human capital inputs on the technological innovation outputs of China’s capital-intensive and technology-intensive industries. The results of the static analysis show that, in terms of the average level of technological innovation of both the industries, the inputs of human capital have significantly increased the outputs of technological innovation in the capital-intensive industry and the technology-intensive industries. But, the results of the quantile regression analysis indicate that the impacts of the human capital inputs on the technological innovation of the related fields of the two industries are prominently different: the human capital inputs can make greater contribution to the promotion of technological innovation for the industries with middle or lower level of technological innovation; while for the industries at the higher-end of technological innovation, the contribution made by the inputs of human capital is less.

Key words: human capital; capital-intensive industries; technology-intensive industries; technological innovation; quantile regression model