Operating Mechanism of University Innovation and Entrepreneurship Education and Its Contribution to Regional Economy

China has already ushered in a new economic development stage and its main driving force for the high-quality economic development has gradually shifted to innovation and entrepreneurship and high-level innovative talents. Existing research has ignored to some extent the discussion on regional differences and underdeveloped areas. To this end, this paper studies the operating mechanism of university innovation and entrepreneurship education and its contribution to regional economy. First, based on the theories of human capital and regional economic development, a labor output elasticity estimation model was constructed for regional human resources, to measure the contribution rate of the innovation and entrepreneurship education in regional universities to regional economic development. Considering the complex relationship between university innovation and entrepreneurship education and regional economic development and fluctuations, a suitable VAR model was constructed based on the economic theory to analyze and empirically study the relationship between the two. Finally, the calculation results of the contribution rates of the university innovation and entrepreneurship education in the region and various sub-regions were provided based on the experiment, which verified the effectiveness of the calculation method and analysis model