Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 51 , 01 December 2023
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Research on the Relationship Between Higher Education Development and Economic Growth in China
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Abstract
Education has always been a very important research issue, and China's higher education has developed rapidly along with its economic take-off. The issue of the correlation between education and economic development has also been researched many times in the academic world. So, this paper analyzes the dynamic correlation between the development of higher education and China's economic development, as well as the gross domestic product of the People's Republic of China (excluding Hong Kong Special Administrative Region of China, Macao Special Administrative Region of China, and Taiwan Province of China) for the period 1978-2021, based on the existing literature, through the data on the number of graduates from higher education, general higher education, and postgraduates (master's degree and doctorate). It is finally concluded that economic growth will directly contribute to the development of higher education, and similarly, the growth of higher education will offset economic growth with a slight lag.
Keywords
higher education, economic growth, human capital, VAR model, China
References
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4. Pastor, J. M., Peraita, C., Serrano, L., & Soler, Á. (2018). Higher education institutions, economic growth and GDP per capita in European Union countries. European Planning Studies, 26(8), 1616-1637.
5. Lu, Chengxiao. (2012). Study on the relationship between higher education scale and economic growth in Fujian--an empirical study based on VAR model. Journal of Longyan College, 30(6), 46-50.
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8. Data Source. 1978-2021. Bloomberg. http://www.bloomberg.com
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10. Data Source. 1978-2021. National Bureau of Statistics. http://www.stats.gov.cn
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-149-0
- ISBN (Online)
- 978-1-83558-150-6
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/51/20230621
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited