2012•Journal of Changsha Aeronautical Vocational and Technical CollegeRequires access

Co-integration Analysis on the Relationship between Development of Higher Education and Economic Growth in Xinjiang

HU Qing-jiang

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Abstract

By referring to Xinjiang data from 1980 to 2010,the relationship between the development of higher education and economic growth is studied,a co-integration equation and error correction model is established,and Grainger causality test is conducted,and thus the main conclusion is drawn: the long-term co-integration relationship between the economic growth of Xinjiang and higher education scale exists,and the economic growth on the scale of higher education is a one-way Grainger causal relation.On the basis of this analysis,the author puts forward countermeasures on Xinjiang higher education and sustainable development of economy.

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What this paper is about

By referring to Xinjiang data from 1980 to 2010,the relationship between the development of higher education and economic growth is studied,a co-integration equation and error correction model is established,and Grainger causality test is conducted,and thus the main conclusion is drawn: the long-term co-integration relationship between the economic growth of Xinjiang and higher education scale exists,and the economic growth on the scale of higher education is a one-way Grainger causal relation.On the basis of this analysis,the author puts forward countermeasures on Xinjiang higher education and sustainable development of economy.

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Available abstract

By referring to Xinjiang data from 1980 to 2010,the relationship between the development of higher education and economic growth is studied,a co-integration equation and error correction model is established,and Grainger causality test is conducted,and thus the main conclusion is drawn: the long-term co-integration relationship between the economic growth of Xinjiang and higher education scale exists,and the economic growth on the scale of higher education is a one-way Grainger causal relation.On the basis of this analysis,the author puts forward countermeasures on Xinjiang higher education and sustainable development of economy.

Key concepts: Error correction model, Causality (physics), Sustainable development, Scale (ratio), Relation (database), Economics, Economic system, Political science

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