Study on the Economic Growth Effect of Education Investment in Shaanxi Province in the Process of Urbanization
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Shao Zhiwei, Li Xingjun, Cheng Hongping
Based on the econometric model, this paper is selected from the statistical yearbook of Shaanxi Province from 1986 to 2016. In the long-term utility model, urbanization and education investment have significant positive effects on economic growth. At the same time, it is limited by the interaction between labor quality and education input and urbanization. In the autoregressive lag utility model, under the influence of the previous period of economic growth, economic growth has negative and positive correlations between the two phases of the level of urbanization construction and the interaction between education investment and urbanization. Therefore, promoting balanced development of urbanization and education investment with the concept of coordination is crucial to the long-term stable growth of Shaanxi Province.
Economic growth, Urbanization, Education investment, Long-term equilibrium model