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Human Capital, Collective Psychological Capital and Regional Innovation: Provincial Evidence from China

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Proceedings of the Seventh International Conference on Management Science and Engineering Management

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 241))

Abstract

Technology progress is an important driving force for economic growth. Nowadays, the insufficiency of self-dependent innovation and the inefficiency of R&D staff have become two obstacles to China’s technological advancement. This study focuses on the role of psychological capital and originally discusses the impact of collective psychological capital on regional innovation performance. In this study, we firstly construct a theoretical framework to describe how psychological capital impacts regional innovations through human capital. Secondly, a proxy variable is used to measure the collective psychological capital on the regional level; then, using provincial-level panel data from year 1997 to 2010, we examine the relationship among human capital, psychological capital and innovation performance with spatial panel regression method. The following empirical results are obtained: (1) Regional innovation activities have positive spatial clustering effect across China. (2) The estimated coefficient of psychological capital is also positive in innovation regressions and the results are quite robust in both OLS and spatial estimations. (3) Human capital mediates the relationship between psychological capital and innovation performance.

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Acknowledgments

The authors gratefully acknowledge financial support for this research from grants by the Natural Science Foundation of China (Nos. 71172009, 71121001 and 71232002). We thank Profession Wei Chi at Tsinghua University for valuable comments. We appreciate the helpful comments from the Oral dissertation Defense Committees at School of Economic and Management, Tsinghua University.

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Authors and Affiliations

  1. Business School, Sichuan University, Chengdu, 610064, People’s Republic of China

    Xiaoye Qian

  2. School of Economics and Management, Tsinghua University, Beijing, 100083, People’s Republic of China

    Baiyin Yang & Qian Li

Authors
  1. Xiaoye Qian
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  2. Baiyin Yang
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  3. Qian Li
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Corresponding author

Correspondence to Xiaoye Qian .

Editor information

Editors and Affiliations

  1. Business School, Sichuan University, Chengdu, China, People's Republic

    Jiuping Xu

  2. Drexel University, Philadelphia, USA

    John A. Fry

  3. LeBow College of Business Department of Decision Sciences, Drexel University, Philadelphia, Pennsylvania, USA

    Benjamin Lev

  4. Azerbaijan National Academy of Sciences, Institute of Cybernetics, Baku, Azerbaijan

    Asaf Hajiyev

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Qian, X., Yang, B., Li, Q. (2014). Human Capital, Collective Psychological Capital and Regional Innovation: Provincial Evidence from China. In: Xu, J., Fry, J., Lev, B., Hajiyev, A. (eds) Proceedings of the Seventh International Conference on Management Science and Engineering Management. Lecture Notes in Electrical Engineering, vol 241. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40078-0_25

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