Quantitative Analysis on the Relationship between Development of Higher Education and Economic Growth in Xinjiang
Xiao Chen
Abstract
Xiao Chen
Abstract
Co-integration analysis and Granger causality test are made to the relation of development of higher education and economic growth based on the data from 1980~2007 in Xinjiang,an error correction model is then established.The research comes to the conclusion that a long-term dynamic equalization exist between the higher education development and economic growth.The long-term promotion brought by development of higher education to economic growth is greater than the short-term promotion and there is certain causality between the development rapidity and economic growth rate,which is not stable.
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Co-integration analysis and Granger causality test are made to the relation of development of higher education and economic growth based on the data from 1980~2007 in Xinjiang,an error correction model is then established.The research comes to the conclusion that a long-term dynamic equalization exist between the higher education development and economic growth.The long-term promotion brought by development of higher education to economic growth is greater than the short-term promotion and there is certain causality between the development rapidity and economic growth rate,which is not stable.
Key concepts: Promotion (chess), Granger causality, Causality (physics), Economics, Term (time), Error correction model, Equalization (audio), Econometrics