Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Economics and Business

Quarterly Reviews

ISSN 2775-9237 (Online)

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
crossref
doi
open access

Published: 20 December 2021

An Empirical Study of National Education and Economic Development Based on a Variable Coefficient Model

Liuyuan Han, Guangming Deng

Guilin University of Technology, China

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, management journal

Download Full-Text Pdf

doi

10.31014/aior.1992.04.04.392

Pages: 39-47

Keywords: Economic Development, National Education, Indicator System, Variable Coefficient Model

Abstract

This paper studies the relationship between the level of national education and economic development in 31 provinces and cities in China from 2012 to 2019. Principal component analysis is used to comprehensively evaluate the level of national education, on the basis of which a variable coefficient model is tested and a constant coefficient model is established for comparison. The results show that: (1) there is a co-integration relationship between the level of national education and economic development, i.e. the two are in equilibrium in the long run. (2) In some provinces and cities in China, economic development is positively correlated with the level of national education, and some provinces and cities are negatively correlated. (3) Economic development has different effects on the level of national education in the east, middle and west. (4) Economic development and national education level are positively correlated in the average sense in China.

References

  1. Agasisti, T., & Bertoletti, A. (in press).Higher education and economic growth: a longitudinal study of European regions 2000-2017. socio- Economic Planning Sciences.

  2. Fan, X.,&Ma, S.C.(2017).A study on the spatial and temporal characteristics of the contribution of regional higher education to economic growth in China - an empirical analysis based on Chinese provincial panel data.China Higher Education Research, 8, 74-79,84.https://doi.org/10.16298/j.cnki.1004-3667.2017.08.15

  3. Jia,J. P., He, X. Q., & Jin, Y. J.(2018). Statistics (7th ed.).Beijing: China Renmin University Press.

  4. Liu, T.(2016).Research on the dynamic relationship between higher education and economic growth in Shandong Province - A VEC model based on time series data from 1981-2013. Contemporary Education Science, 1, 39-44.

  5. Nicholas, M. O.(2020).  Education and economic growth in South Africa: An empirical investigation.International Journal of Social Economics, 48(1), 1-16.

  6. Qin, Y. ,& Wang, X.K.(2017, September).Higher education expansion and economic growth in China - Evidence from provincial panel data.Macro Quality Research, 5(3), 49-61. https://doi.org/10.13948/j.cnki.lgzlyj.2017.09.005

  7. Tian, J.Y.(2017).An empirical analysis of education investment and economic growth in Anhui Province. China International Finance (English), 5,53-56.

  8. Tian, S.Z., Sun,Y. G.N.,&Zhan, Q.Y.(2017, August).Empirical evidence of infrastructure development level evaluation based on principal component analysis - panel data from 30 provinces from 2007-2016.Journal of Chongqing University of Commerce and Industry (Natural Sciences Edition),34(4), 41-49.https://doi.org/10.16055/j.issn.1672-058X.2017.0004.008

  9. Wang, J.C.(2017). Research on the regression model of variable coefficient panel data and its application(Master's thesis, North China Electric Power University, Beijing, China). Retrieved fromhttps://doi.org/10.7666/d.Y3263142

  10. Xi, L.,& Lu, X.G.(2019). The impact of investment in education on economic development under the marketization process. China Collective Economy, 34,27-28.

  11. Xie, X.J.(2016).The relationship between investment in education and economic growth in China - based on panel data and spatial econometric model. Journal of Fuzhou University (Philosophy and Social Science Edition), 29(2), 54-58.

  12. Zhang, Y.L.,& You, S.B.(2018).National quality and economic growth - an empirical study based on provincial panel data in China.Jianghan Forum, 8, 50-58.  https://doi.org/10.3969/j.issn.1003-854X.2018.08.008

  13. Zhou, N.N., & Lin, X.Y.(2020, September).Study on the relationship between energy consumption and environmental pollution - an analysis based on panel data from 30 provinces in China.Journal of Qingdao University of Science and Technology (Social Science Edition), 36(3), 62-69.https://doi.org/10.3969/j.issn.1671-8372.2020.03.011

  14. Zhou, Y.(2007). A study on the relationship between education investment and economic growth in China based on panel data(Master's thesis, Hunan University,Hunan, China). Retrieved fromhttps://doi.org/10.7666/d.y1208521