关键词: 人力资本, 物质资本, 匹配协调, 经济效率

Abstract: Most studies about the coordination between human and physical capital focused on qualitative analysis, or only took these two capitals as homogeneous and discussed on match in total stock. Based on heterogeneous capital hypothesis, this article tried to explain the relationship between the coordination between human and physical capital and economic efficiency. Moreover, we used the “coupling” in physics to estimate the coordination between the two capitals in industry of China, and researched its effects on the economic efficiency. We found that the coordination between human and physical capital had significant positive and robust effects on efficiency. Thus we concluded, the effective accumulations of human and physical capital were not only the accumulation on quantities, but the coordination and balance on both quantity and structural.

Key words: Human Capital, Physical Capital, Coordinate, Economic Efficiency