An Empirical Study on Educational Investment of Different Hierarchical Structures and Economic Growth in China
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At present, the relationship between education and economy has been widely concerned by scholars at home and abroad. On the basis of reading literature, this paper studies the relationship between economic growth and education input at different levels. This paper chooses panel data of 31 provinces in China from 2005 to 2014, and examines the impact of higher education input, secondary education investment and primary education investment on GDP growth through empirical analysis. The results show that, from a national perspective, secondary education has a positive effect on GDP growth rate, primary education and higher education have negative effects on GDP growth rate. This may be due to the hysteresis of education input, and it may also indicate that Chinese current education investment structure needs to be adjusted.
Education investment, educational investment structure, economic growth.