An Empirical Analysis of the Contribution to Economic Growth by Guangdong Higher vocational Education
Li‐Da Chen
Abstract
Li‐Da Chen
Abstract
Based on the theory of economic growth model, using the method of co-integration and education comprehensive index, we measured the contribution of education in Guangdong province(2002-2012) to its economic growth and found that the former contributes 3.44% to the latter. Meanwhile, higher vocational education contributes 0.65% to the economic growth of Guangdong, and it accounts for 18.99% of the overall education contribution to economic growth. Therefore, Guangdong should accelerate its economic transformation model, enhance the investment in higher vocational education and make the best use of the advantages of higher vocational education in regional economic development.
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Based on the theory of economic growth model, using the method of co-integration and education comprehensive index, we measured the contribution of education in Guangdong province(2002-2012) to its economic growth and found that the former contributes 3.44% to the latter. Meanwhile, higher vocational education contributes 0.65% to the economic growth of Guangdong, and it accounts for 18.99% of the overall education contribution to economic growth. Therefore, Guangdong should accelerate its economic transformation model, enhance the investment in higher vocational education and make the best use of the advantages of higher vocational education in regional economic development.
Key concepts: Vocational education, Investment (military), Higher education, Economic transformation, Index (typography), Empirical research, Economic growth, Economics