2011•Journal of Xinjiang Normal UniversityRequires access

Empirical Analysis of Relationship between Higher Education Investment and Economic Growth

HE Lun-zhi

Abstract

The essay first makes a standard analysis of the relationship between the situation of higher-education investment and economic growth followed by empirical analysis of the relationship between Xinjiang's higher-education investment and economic growth through econometric model.The conclusion has been reached that in the short run,the relationship between Xinjiang's higher-education d and economic growth is less obvious but in the long run,GDP will increase by 1.32% when investment is increased by 1% in higher education.In the end,the essay studies the reason behind that and puts corresponding suggestion with respect to Xinjiang's higher-education investment and economic growth.

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Key concepts: Investment (military), Economics, Econometric analysis, Higher education, Empirical research, Positive relationship, Econometric model, Macroeconomics