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Study on the Contribution Rate of Talents Capital Based on CobbDouglas Production Function Combined with Logistic Regression
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LIN Longbin1，YU Jiamin2
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(1.School of International and Public Affairs, Shanghai Jiaotong University, Shanghai 200240, China;2.Insurance Institute, Shanghai Finance University, Shanghai 201209, China)
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Abstract Taking Shanghai Minhang district as an example, a CobbDouglas production function combined with Logistic regression was built to figure out Minhang’s contribution rate of talents capital. Finally, suggestions on applicability of industry, statistics of elementary data and allowance for nonschooling human capital were proposed to improve the CobbDouglas model. The results show that, from 1992 to 2008, Minhang’s contribution rate of talents capital is equal to 24.6%. Especially from 2005, the investment on talents capital rises up, and is consistent with the economic growth of Minhang. This indicates that human capital’s promotion on Minhang’s economic development is evergrowing.
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Received: 20 July 2010
Published: 27 January 2011
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