The Impact of Human Capital Allocation on Regional Innovation Efficiency

Human capital is the core element of technology innovation investment,where human capital allocation is the key to determine the effective of human capital investment,as well as the effect of human capital investment on technology innovation efficiency.This paper adopts the data from human capital investment and technology innovation during 2009 and 2012 in 30 provinces,conducts the empirical analysis by DEA method,and estimates annual technology innovation efficiency in every province.The paper shows that both technology innovation efficiency and scale efficiency are in the invalid form,while the main reason of the invalidity in technology innovation efficiency is low scale efficiency.Combining the increasing trend of scale efficiency in majority of regions with projection analysis,the results illustrates that few human capital investment and its unreasonable allocation mainly result in the low technology innovation efficiency.The study also makes relevant recommendations on the existing problem,which has profound strategic influence on accelerating the human capital investment,technology innovation efficiency and sustainable development in economy.