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