Research on the measurement of contribution value of scientific and technological talents in China’s mining industry——Innovative application based on “Cobb Douglas production function method”

Abstract

This paper aims to determine the contribution value of scientific and technological talents from Mining to national economic development, with data collecting on the correlations between the national Mining and the national economic development from 2005 to 2019, comprising the added value, the capital formation and the total wages and growth rate of the Mining. Through the Cobb-Douglas production function method, the contribution index of Mining talents was confirmed. Combining this index with high-tech talents, the contribution value of Mining science and technology talents was calculated and determined by using big date and informatization method. The results show that in 2005, the contribution value of scientific and technological talents in China’s mining industry in enterprise scientific and technological research and development was 2288.4 yuan / person year, which increased to 3821.1 yuan / person year in 2018, with an average annual increase of 4.01%, 16 years average 7011.1 yuan / person year. This value is much lower than the contribution of capital, and its output elasticity (index) is only 7.42% of capital. However, this is the result of the scientific and technological talents in the mining industry with the value of selfless dedication. It is the real motivation and purpose of the author to write this paper: appeal to the state, society and enterprises to increase the scientific and technological investment in the mining industry and constantly improve the conditions and treatment of scientific and technological talents in the mining industry.