Co-integration analysis of financial education investment and economic growth(1978-2011)

Quantitative analysis on the relationship between financial education investmentt and economic growth from 1978to 2011 was conducted using the theory of Co-integration and ECM.The result showed there is a long-term co-integration relationship between the two, while financial education investment increases 1%,the long-term GDP will be increased by 0. 330347%.However,in the short term,the influence is not significant as economic growth requires long-term multi-channel education investment including government finance.