Quantitative Analysis on the Relationship between Hubei’s Financial Input in Education and the Economic Growth

DOI

10.2991/icssr-13.2013.151How to use a DOI?

Keywords

education investment; economical growth; granger causality; vector autoregression

Abstract

This essay conducts an empirical research and quantitative analysis with the application of econometric methods and models, such as VAR theory and impulse response function, on the relations between the financial input of Hubei in education and the economic development during the past decade. Studies show that there exists an equilibrium relationship and coordinated interaction between Hubei’s financial input on education and its actual economic growth. The fluctuation of educational investment is bound up with that of economic increase with causality. It is feasible and effective to realize rapid growth of economic aggregate through enhancing educational input, and a long-term policy, but not a short-term one, which should be adopted when utilizing educational investment to boost the economy.

Copyright

© 2013, 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  - Jianguo Wang
AU  - Xiaoyan Wang
AU  - Jue Fu
AU  - Changjun Zhang
AU  - Jiangqiang WANG
AU  - Kai Deng
PY  - 2013/07
DA  - 2013/07
TI  - Quantitative Analysis on the Relationship between Hubei’s Financial Input in Education and the Economic Growth
BT  - Proceedings of the 2nd International Conference on Science and Social Research (ICSSR 2013)
PB  - Atlantis Press
SP  - 653
EP  - 656
SN  - 1951-6851
UR  - https://doi.org/10.2991/icssr-13.2013.151
DO  - 10.2991/icssr-13.2013.151
ID  - Wang2013/07
ER  -