The close integration of investment in physical assets and investment in human capital can create new supply and new demand for high-quality economic development, promote positive interaction between supply and demand, and cultivate new growth drivers. The organic combination of the two can not only enhance the total factor productivity but also promote the economic structural optimization and endogenous growth, providing strong support for accelerating the construction of a new development pattern and achieving the high-quality start for the 15th Five-Year Plan.
From the micro-level perspective, the close integration of investment in physical assets and investment in human capital is essential for achieving optimal resource allocation and enhancing total factor productivity. From the meso-level perspective, it promotes industrial technological innovation and the development of new quality productivity. From the macro-level perspective, it fosters a virtuous cycle between production-side high-quality supply and consumption-side high-level demand.
This article proposes the policy orientation of deeply promoting the close integration of investment in physical assets and investment in human capital. In terms of scale, we should optimize the overall structure of investment in physical assets and human capital. In terms of quality, we should enhance the efficiency level of investment in physical assets and human capital. In terms of method, we should strengthen the systematic integration of investment in physical assets and human capital.
