Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China

The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore...

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Autores principales:	Xingyang Yu, Mingji Liu
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	new entrepreneurs educational psychology awareness of innovation and entrepreneurship human capital regional economic growth Psychology BF1-990
Acceso en línea:	https://doaj.org/article/4c178a81c7db45afabfffc4295ca6827
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spelling	oai:doaj.org-article:4c178a81c7db45afabfffc4295ca68272021-12-02T05:45:50ZRelationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China1664-107810.3389/fpsyg.2021.731284https://doaj.org/article/4c178a81c7db45afabfffc4295ca68272021-12-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpsyg.2021.731284/fullhttps://doaj.org/toc/1664-1078The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore the impact of human capital on economic growth in Northeast China and the influencing factors of psychological capital of new entrepreneurs in the entrepreneurial process. Based on Cobb–Douglas production function, the relationship between labor, physical capital, or human capital and economic growth in Northeast China is analyzed by econometric methods, and a model of human capital and economic growth in Northeast China is constructed. Besides, a psychological capital intervention (PCI) model is proposed to develop the psychological capital of new entrepreneurs, and the psychological quality structure model of entrepreneurial entrepreneurs and its operation mechanism. The results of the empirical analysis demonstrate that the elasticity coefficient of human capital in Northeast China is 0.15902, five times smaller than that of labor and physical capital. Moreover, 70% of new ventures are willing to accept higher education. The fitting degree of using the PCI model to develop the psychological capital of new ventures is only 0.3%. In addition, the modified external environment PCI instead of the external environment PCI model has a huge operating potential in the macro-entrepreneurial environment. In conclusion, the impact of human capital on economic growth in the northeast is smaller than the impact of labor and material capital investment on regional economic growth. The development of human capital and research on the composition and mechanism of psychological quality of entrepreneurial entrepreneurs are of significant theoretical and practical values to promote the economic growth in the northeast.Xingyang YuXingyang YuMingji LiuFrontiers Media S.A.articlenew entrepreneurseducational psychologyawareness of innovation and entrepreneurshiphuman capitalregional economic growthPsychologyBF1-990ENFrontiers in Psychology, Vol 12 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	new entrepreneurs educational psychology awareness of innovation and entrepreneurship human capital regional economic growth Psychology BF1-990
spellingShingle	new entrepreneurs educational psychology awareness of innovation and entrepreneurship human capital regional economic growth Psychology BF1-990 Xingyang Yu Xingyang Yu Mingji Liu Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
description	The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore the impact of human capital on economic growth in Northeast China and the influencing factors of psychological capital of new entrepreneurs in the entrepreneurial process. Based on Cobb–Douglas production function, the relationship between labor, physical capital, or human capital and economic growth in Northeast China is analyzed by econometric methods, and a model of human capital and economic growth in Northeast China is constructed. Besides, a psychological capital intervention (PCI) model is proposed to develop the psychological capital of new entrepreneurs, and the psychological quality structure model of entrepreneurial entrepreneurs and its operation mechanism. The results of the empirical analysis demonstrate that the elasticity coefficient of human capital in Northeast China is 0.15902, five times smaller than that of labor and physical capital. Moreover, 70% of new ventures are willing to accept higher education. The fitting degree of using the PCI model to develop the psychological capital of new ventures is only 0.3%. In addition, the modified external environment PCI instead of the external environment PCI model has a huge operating potential in the macro-entrepreneurial environment. In conclusion, the impact of human capital on economic growth in the northeast is smaller than the impact of labor and material capital investment on regional economic growth. The development of human capital and research on the composition and mechanism of psychological quality of entrepreneurial entrepreneurs are of significant theoretical and practical values to promote the economic growth in the northeast.
format	article
author	Xingyang Yu Xingyang Yu Mingji Liu
author_facet	Xingyang Yu Xingyang Yu Mingji Liu
author_sort	Xingyang Yu
title	Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
title_short	Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
title_full	Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
title_fullStr	Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
title_full_unstemmed	Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China
title_sort	relationship between human capital and technological innovation growth of regional economy and psychology of new entrepreneurs in northeast china
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/4c178a81c7db45afabfffc4295ca6827
work_keys_str_mv	AT xingyangyu relationshipbetweenhumancapitalandtechnologicalinnovationgrowthofregionaleconomyandpsychologyofnewentrepreneursinnortheastchina AT xingyangyu relationshipbetweenhumancapitalandtechnologicalinnovationgrowthofregionaleconomyandpsychologyofnewentrepreneursinnortheastchina AT mingjiliu relationshipbetweenhumancapitalandtechnologicalinnovationgrowthofregionaleconomyandpsychologyofnewentrepreneursinnortheastchina
_version_	1718400226744598528

Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China

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