A Comparative Analysis of the Influence of Educational Development on Economic Growth in China and the United States

DOI

10.2991/aebmr.k.200306.075How to use a DOI?

Keywords

education, economic growth, comparison of China and the United States

Abstract

The relationship between education expenditure and economic growth has always been the concern of pedagogy and economics. In the later of 20th century, education investment has gradually been recognized by the academia as one of the important factors to promote economic development. This paper studies the relationship between the proportion of education expenditure in GDP and per capita GDP in China and the United States, verify the promotion effect of education to economic growth. It is concluded that the rate of return of China’s investment in education is higher than that of the United States. Finally, it provides corresponding policy suggestions for the development of China’s education and economic progress.

Copyright

© 2020, 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/).

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TY  - CONF
AU  - Lu Lu
AU  - Liu Yanhua
PY  - 2020
DA  - 2020/03/11
TI  - A Comparative Analysis of the Influence of Educational Development on Economic Growth in China and the United States
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 436
EP  - 441
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.075
DO  - 10.2991/aebmr.k.200306.075
ID  - Lu2020
ER  -