The Effect of China's Higher Education to the Economic Growth: An Empirical Analysis Based on the Data of Guangxi Province

From the perspective of human resource capital,an empirical analysis is made for studying the impact of human resource capital provided by higher education on economic growth from 1991 to 2010 in Guangxi. The control variables such as material capital and labor capital are introduced to examine the impact of these factors on economic development,and the cointegration test,Granger causality test model and the long-run equilibrium relationship model are used to analyze the relationship between higher education and economic development. It is concluded that the economic development of Guangxi should take higher education as a focus and coordinate influence of labor capital and material capital investment to economic growth. We should not over-emphasize their pulling effect and ignore the promotion effect of human capital. Higher education institutions should be oriented to regional economic development in Guangxi,adapt to the requirements of the development of Guangxi's economic reality,and insist on the principle of an appropriate scale,and whole community should attach importance to the development of higher education in the region.