ECONOMIC DEVELOPMENT AND EDUCATIONAL INVESTMENT: SHAPING TALENT TRAINING AND STUDENT INNOVATION IN SHANGHAI'S UNIVERSITIES

Abstract

This study explores the impact of higher education resources and regional economic development on talent training quality and student innovation in universities in Shanghai, China. Employing a comprehensive theoretical framework that integrates Human Capital Theory, Endogenous Growth Theory, Resource Dependency Theory, and Innovation Theories, this research examines the intricate relationships between these variables. The findings reveal that regional economic development significantly enhances higher education resources, which in turn positively influences talent training quality and student innovation. Well-funded universities with modern facilities, qualified faculty, and access to advanced technologies can provide superior training programs and foster an innovative environment for students. The study highlights the critical role of economic growth in supporting educational excellence and the mutual reinforcement between education and economic development. Policy implications include increased funding for higher education, equitable resource distribution, and strengthened industry-university collaborations. Practical recommendations emphasize curriculum enhancement, faculty development, and the establishment of innovation and entrepreneurship centers. Theoretical implications reinforce existing theories on the interplay between economic and educational factors, providing empirical support for their applicability in the context of Shanghai. Future research should investigate the long-term impacts of these relationships and compare strategies with other regions to enhance global higher education and innovation practices.