Comparative Study of the Spillover Effects of Hong Kong and Macau's Educational Investment on Regional Economic Growth Based on Feder Model
- DOI
- 10.2991/erms-18.2018.42How to use a DOI?
- Keywords
- Educational investment, Economic growth, Spillover effect, Feder model
- Abstract
In this paper, we use Feder model to compare the contribution of education investment to economic growth and spillover effects in Hong Kong and Macau Special Administrative Region in the past 2002-2015 years. The study shows that the educational input of the two places has an obvious boost to economic growth, but it has a difference in time. At the same time, the contribution of education in Macau is greater than that of Hong Kong; the educational input of the two places is more effective for the non education sector, and Hong Kong is effective for a long time, while Macau only has the short term spillover effect and the long term is negative. The efficiency of education departments in both places is lower than that in non education sectors. In this regard, this paper suggests that the government of Macau should optimize and upgrade its industrial transformation and study abroad policy.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Lin Xu AU - Jun Zhu AU - Yan Liu PY - 2018/04 DA - 2018/04 TI - Comparative Study of the Spillover Effects of Hong Kong and Macau's Educational Investment on Regional Economic Growth Based on Feder Model BT - Proceedings of the 2018 International Conference on Education Reform and Management Science (ERMS 2018) PB - Atlantis Press SP - 226 EP - 230 SN - 2352-5398 UR - https://doi.org/10.2991/erms-18.2018.42 DO - 10.2991/erms-18.2018.42 ID - Xu2018/04 ER -