China's economic development has advanced from a high-speed to a high-quality growth stage in recent years. The optimization and upgrading the economic structure require high-quality human capital to support an innovation-driven economy. In this paper, a general equilibrium model of human...

The low quality of human capital leads to the “big but not strong” producer services, which hinders the realization of high-quality economic development in China. Using the China Family Panel Studies (CFPS) and RESSET enterprise data for the period 2000-2019, this paper measures the human...