An Empirical Study on the Relationship between Educational Funds and Economic Growth
- DOI
- 10.2991/aebmr.k.220405.139How to use a DOI?
- Keywords
- Investment in education funds; economic growth; VAR model
- Abstract
In the paper, the annual data from 1996 to 2018 are selected, based on VAR model, and the empirical measurement methods such as ADF unit root test, Johansen cointegration test, AR root test, Granger causality test, impulse response function analysis and variance decomposition are used to qualitatively and quantitatively analyze the relationship between education expenditure and economic growth. It is found that education investment is one of the main forces of economic growth, but the contribution of capital investment to economic growth is more obvious than that of education investment. Based on the research conclusions, this paper puts forward the optimization of education investment structure, and the attraction of social non-governmental forces to invest in education, in order to provide a feasible reference direction for promoting national economic growth.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Chenyao Hu AU - Jie Yu AU - Jiaxin Chen PY - 2022 DA - 2022/04/29 TI - An Empirical Study on the Relationship between Educational Funds and Economic Growth BT - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022) PB - Atlantis Press SP - 830 EP - 836 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220405.139 DO - 10.2991/aebmr.k.220405.139 ID - Hu2022 ER -