Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)

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An Empirical Study on the Relationship between Educational Funds and Economic Growth

Authors
Chenyao Hu1, a, Jie Yu2, b, Jiaxin Chen3, c
1Department of Management Science and Engineering, Chongqing University of Posts and Telecommunications, Chongqing, China
2The Finance Office, Chongqing University of Posts and Telecommunications, Chongqing, China
3Department of Accounting, Macau University of Science and Technology, Macau, China
Corresponding Author
Chenyao Hu
Available Online 29 April 2022.
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.

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Volume Title
Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2022
ISBN
10.2991/aebmr.k.220405.139
ISSN
2352-5428
DOI
10.2991/aebmr.k.220405.139How to use a DOI?
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

risenwbib
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  -