- 권한신청
- E-ISSN2288-2766
- KCI
A Study on the Dynamic Relationship between Education Input and Economic Growth
A Study on the Dynamic Relationship between Education Input and Economic Growth
- 다운로드 수
- 조회수
Abstract
Purpose - The rapid economic growth can promote the education development. Conversely, the economic growth also can benefit form a good education input. However, the operating mechanism between education input and economic growth is still a proposition worth being studied. Therefore, this paper will set China as an example to analyze the dynamic relationship between education input and economic growth. Research design, data, and methodology - The annual time series from 1990 to 2017 will be employed to conduct an empirical analysis under the vector autoregression model. The education input is treated as an factor that impacts the economic growth such as the labor input and capital input. Meanwhile, the education input will be added to the Cobb-Douglas production function to form a new one so as to explore the dynamic relationship between education input and economic growth. Results - According to the results of empirical analysis, it can be found that the education input has an increasingly positive effect on economic growth. Simultaneously, the economic growth has a positive effect on education input, but this kind of effect is not steady. Of course, the labor input and the capital input also can promote the economic growth in some degree. Conclusions - The education input is one of most important inputs for a country. This paper provides some empirical suggestions on the dynamic relationship between education input and economic growth in respect of China. This paper suggests that the China’s government should put more emphasis on the education input so to make the economy develop well.
- keywords
- Education Input, Economic Growth, Cobb-Douglas Production Function.
참고문헌
Afzal, M., Rehman, H. U., Farooq, M. S., & Sarwar, K. (2011). Education and economic growth in Pakistan: a cointegration and causality analysis. International Journal of Educational Research, 50(5-6), 321-335.
Anderson, T. (2003). Getting the mix right again: an updated and theoretical rationale for interaction. The International Review of Research in Open and Distributed Learning, 4(2), 1-16.
Benos, N., & Zotou, S. (2014). Education and economic growth: a meta-regression analysis. World Development, 64(1), 669-689.
Böhm, S., Grossmann, V., & Steger, T. M. (2015). Does expansion of higher education lead to trickle-down growth?. Journal of Public Economics, 132(9), 79-94.
Chen, Y. Z., & Dang, W. (2010). An empirical analysis of Xinjiang province’s education input and economic growth. Economic Research Guide, 36(5), 61-63.
Du, H. B. (2018). An empirical analysis of the impact of education investment on economic growth mode. Statistics & Decision, 2(8), 149-151.
Donou-Adonsou, F. (2018). Technology, education, and economic growth in Sub-Saharan Africa. Telecommunications Policy, 42(10), 5-24.
Frini, O., & Muller, C. (2012). Demographic transition, education and economic growth in Tunisia. Economic Systems, 36(3), 351-371.
Ganegodage, K. R., & Rambaldi, A. N. (2011). The impact of education investment on Sri Lankan economic growth. Economics of Education Review, 30(6), 1491-1502.
Hassan, G., & Cooray, A. (2015). Effects of male and female education on economic growth: Some evidence from Asia. Journal of Asian Economics, 36(2), 97-109.
Hu, S. J, & Guo, Y. L. (2014). Analysis of the relationship between education input and economic growth in Sichuan province. Manager' Journal, 36(31), 136-137.
Jalil, A., & Idrees, M. (2013). Modeling the impact of education on the economic growth: evidence from aggregated and disaggregated time series data of Pakistan. Economic Modelling, 31(3), 383-388.
Mercan, M., & Sezer, S. (2014). The effect of education expenditure on economic growth: the case of Turkey. Procedia-Social and Behavioral Sciences, 109(1), 925-930.
Schultz, T. W. (1962). Reflections on investment in man. Journal of political economy, 70(5), 1-8.
Sims, C. A. (1980). Macroeconomics and reality. Econometrica: Journal of the Econometric Society, 3(1), 1-48.
Solow, R. M. (1956). A contribution to the theory of economic growth. The quarterly journal of economics, 70(1), 65-94.
Tan, S. Q. (2006). A study on the relationship between economic growth and education input. Statistics & Decision, 24 (16), 96-98.
Wang, Y. C. (2016). The contribution of education investment to economic growth. Journal of Lanzhou Institute of Technology, 23(5) 88-90.
Wu, F. F., & Zhou, L. F. (2012). An empirical study of the impact of education input on economic growth in China. Contemporary Economics, 24(19), 140-141.
Xiao, X. H. (2010). An empirical analysis on the relationship between Guizhou's economic growth and education investment. Research on Financial Economic Issue, 4(8), 119-122.
Yang, H. M. (2006). Economic growth and education input in China. Statistics & Decision, 24(10), 82-84.
Ye, A. Z., Yang, X. B, & Wu, X. B. (2009). Analysis of the contribution of China's education investment to economic growth. Theory Research, 12(19), 185-186.
Zhao, Z., & Chuan, Y. W. (2008). Research on the effect of science and technology education input on economic growth based on cross-spectrum analysis. Academic Exchange, 11(4), 39-50.
Zheng, Y. N. (2010). The impact of China's education input on regional economic growth. Northern Economy, 24(14), 16-17.
- 다운로드 수
- 조회수
- 0KCI 피인용수
- 0WOS 피인용수
