Abstract: Taking Shanghai Minhang district as an example, a CobbDouglas production function combined with Logistic regression was built to figure out Minhang’s contribution rate of talents capital. Finally, suggestions on applicability of industry, statistics of elementary data and allowance for nonschooling human capital were proposed to improve the CobbDouglas model. The results show that, from 1992 to 2008, Minhang’s contribution rate of talents capital is equal to 24.6%. Especially from 2005, the investment on talents capital rises up, and is consistent with the economic growth of Minhang. This indicates that human capital’s promotion on Minhang’s economic development is evergrowing.