The Research On The Optimal Allocation Of Human Capital In The Region Economic Sustainable Development

The optimal allocation of human capital mainly includes the allocation between regions and the region interior allocation during various industries. The paper mainly conducts the research to the industrial optimal allocation of human capital. At present, the domestic research mainly calculates the human capital elasticity coefficient in the economy grows. This method first calculates the human capital storage quantity, again calculates the material capital storage quantity, through the C—D production function, carries on the return to the model, then obtains the elasticity coefficient of the human capital and the material capital. The domestic Research on the optimal allocation of human capital, is based on the qualitative research, conducts the quantitative research very is also rare, through qualitative analysis and quantitative analysis method, conducting the research is very rare.First the paper summarizes the ideas and the theories of the optimal allocation of human capital, and has produced the optimal allocation of human capital definition. Then, through two departments human capital optimal allocation model, explained the capital flows in the industry may cause the profit maximization. The demonstration part of the paper mainly conducts the research taking Hebei Province as the example. The research data includes the economic growth rate, the industrial output value, the industrial employment personnel counts, various industries human capital storage quantity, in the government expenditure education disbursement, the scientific disbursement, and the medical health disbursement. Before the research on the optimal allocation human capital of Hebei Province, the paper has carried on the factor analysis to Hebei Province's human capital synthesis strength, for a clear understanding to Hebei Province's overall human capital level. The paper has used three quantitative analysis methods: gray system theory, VAR theory, cointegration theory and Error correction model and Markov chain model. The paper studies the relations of employment and economic growth and the relations of human capital investment and economic growth by using gray system theory, the relations of human capital storage quantity and economic growth by using VAR theory and relations of employment and industry structure adjustment by using cointegration theory and Error correction model. At last, the paper forecasted the employment structure in 10 years of Hebei Province using Markov chain theory. Finally the paper proposes policies and suggestions about the optimal allocation of human capital that fit Hebei Province economic sustainable development.