An Empirical Analysis of the Effect of Higher Education Spending on Economic Growth
Lin Li
Abstract
Lin Li
Abstract
Higher education shoulders the responsibility of cultivating high-quality talents,and it has the vital theoretical significance to promote economic and social development. In recent years,constantly increase financial input to the higher education in our country,what is the effect on economic growth? In this paper,on the basis of theoretical analysis and the empirical data,empirical analysis of the economic growth effect of higher education spending is given. The empirical results show that our country's higher education expenditure has positive effects on economic growth. When higher education spending per 1% growth,the economic growth of 0. 29%. In order to better play the role of higher education spending,this paper combined with the actual situation in our country,puts forward the corresponding policy recommendations.
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Higher education shoulders the responsibility of cultivating high-quality talents,and it has the vital theoretical significance to promote economic and social development. In recent years,constantly increase financial input to the higher education in our country,what is the effect on economic growth? In this paper,on the basis of theoretical analysis and the empirical data,empirical analysis of the economic growth effect of higher education spending is given. The empirical results show that our country's higher education expenditure has positive effects on economic growth. When higher education spending per 1% growth,the economic growth of 0. 29%. In order to better play the role of higher education spending,this paper combined with the actual situation in our country,puts forward the corresponding policy recommendations.
Key concepts: Economics, Empirical research, Order (exchange), Higher education, Economic expansion, Public economics, Economic growth, Macroeconomics