Quantitative Analysis on the Relationship between Hubei’s Financial Input in Education and the Economic Growth
Jianguo Wang, Xiaoyan Wang, Jue Fu, Changjun Zhang, Jiangqiang WANG, Kai Deng
Available Online July 2013.
- https://doi.org/10.2991/icssr-13.2013.151How to use a DOI?
- education investment; economical growth; granger causality; vector autoregression
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 - 2nd International Conference on Science and Social Research (ICSSR 2013) PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/icssr-13.2013.151 DO - https://doi.org/10.2991/icssr-13.2013.151 ID - Wang2013/07 ER -