Empirical Analysis to the Effect of Higher Education in Gansu Province on Economic Growth

With the development of high-tech and knowledge economy,higher education is playing an ever-increasingly important role in economic development.Based on the theory of endogenous economic growth,this paper adopts regression analysis to make an empirical quantitative study on the role that the talents cultivated by higher education in Gansu Province from 1990—2005 have played in economic growth of output flexibility and in promoting economic growth.Econometric analysis shows that higher education in Gansu is of vital importance in provincial economic growth;therefore,the increase of investment into higher education decides the sustainable,healthy and rapid development of regional economy in the future.