Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China

Abstract

From the perspective of the spatial differences of China’s educational development, exploring the impact of education on economic development is of great importance for alleviating the main contradiction between China’s inter provincial education and economic development. By collecting the spatial panel data from 31 provinces in China between 2011 and 2020, the study adopted spatial autocorrelation analysis and spatial Dubin model and conducted an empirical exploring the impact between China’s education development and economic growth. The findings of the paper include the following: (1) From the perspective of spatial correlation of the education development level, the improvement of education in China’s provinces affects and promotes each other nationwide; the spatial correlation of the improvement of education level presents a situation of strong combination. In provinces with a higher education level, education resources are relatively concentrated. (2) From the perspective of the role of education in promoting the economy, the improvement of education has a significant impact in promoting China’s economic growth, but it is not significant in the western region of China. Based on the research results, efforts should be made to improve the level of spatial correlation among provinces and cities. This study further suggests that, in the future, vigorously developing industries and vocational education in the western region should be considered as an important measure for China in promoting the coordinated development of the inter provincial economy in the future.

Seberapa Mampu Keterampilan Bisnis Mempengaruhi Pertumbuhan Ekonomi?

“…Di bidang ekonomi, modal manusia terhadap pengaruh pertumbuhan ekonomi telah menjadi fokus dan telah dianalisis secara empiris dan teoritis dari sekolah ekonomi neoklasik. Zhang & Liu (2022) 2024) menunjukkan bahwa pengembangan modal manusia berhubungan positif dengan pertumbuhan ekonomi negara-negara berpenghasilan menengah ke bawah. Liu et al (2024) menyarankan bahwa keterampilan pendidikan membawa pertumbuhan ekonomi di pendidikan dasar dan menengah.…”

An Empirical Study on the Synergistic Development of Higher Education Scale and Economic Growth in China

“…This study approach is supported by studies on higher education and industrial growth in China [7] (Bai et al, 2020). From the perspective of the spatial differences in China's educational development, exploring the impact of education on economic development is of great importance for alleviating the principal contradiction between China's inter provincial education and economic development [8](Zhang, Y. and J.G. Liu, 2022).…”

“…Therefore, the contribution rate of higher education in province i to the comprehensive index of education is displayed in Eq. (8). the proportion of higher education's contribution to the average annual growth rate of the comprehensive index of education in province i is given by Eq.…”

Perspectives of using the integration mechanisms of education’s development for accelerating Russia’s economic growth

“…While the substantial contribution of higher education to economic growth is confirmed by many publications (Boţoroga et al, 2022;Gruševá and Blašková, 2022;Zhang and Liu, 2022;Almutairi, 2023;Fahim et al, 2023;Li and Wye, 2023), which, in particular, are based on the experience of modern Russia (Agasisti et al, 2021;Gruzina et al, 2022;Krupnov et al, 2023), there is still uncertainty as to cause-and-effect links between university organization and management and their results, which accelerate economic growth; they include educational activities (quality), scientific activities (quality and effectiveness), scientometrics (citations), profitability (effectiveness), and international activities (globalization).…”