关键词: 人才政策, 人才治理, 全要素生产率, 人力资本配置  ,

Abstract: This paper uses the local regulations and departmental rules issued for talents in the database of Chinese laws and regulations from 2001 to 2016，quantitatively identify talent policiesIt matches them with listed company data,empirically test the impact of local talent policies on corporate total factor productivityThis study finds that the talent policy can significantly promote the growth of total factor productivity of enterprisesSpecifically，every increasing in the number of talent policies can promote the growth of total factor productivity of enterprises by about 0.005The mechanism test finds that the talent policy promotes the growth of total factor productivity through two paths: improving the level of enterprises’ technological innovation and correcting the misallocation of human capital among enterprisesIn addition，the research on enterprise and industry heterogeneity finds that the impact of talent policy on total factor productivity of nonstateowned enterprises and hightech industries is bigger than that of stateowned enterprises and nonhightech industriesThese findings are of great significance for understanding the current legalization of local government talent governance，as well as have enlightenment for how to improve the government's talent policy and to promote highquality economic development in China.

Key words: talent policy, talent governance, total factor productivity, human capital  ,