2022
DOI: 10.3389/fpsyg.2022.959026
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RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China

Abstract: China's domestic labor market has limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution to economic performance over the past decade. This study estimates the asymmetric effects of higher education progress (highly educated employed workforce), higher education utilization (highly educated unemployed workforce), and the separate effects of higher education utilization interactions with high-tech industries on economic growth in China from 1980 to 2020. Using … Show more

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Cited by 17 publications
(10 citation statements)
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References 74 publications
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“…Following the studies of Ullah et al (2021) and Qi et al (2022) , the BDS test proposed by Brook et al (1996) can be used to explore non-linear dependencies in the proposed variable data. The BDS test is able to highlight model error specifications while being compared to other nonlinear tests and capture nonlinear properties that other tests ignore.…”
Section: Analysis Results and Interpretationmentioning
confidence: 99%
“…Following the studies of Ullah et al (2021) and Qi et al (2022) , the BDS test proposed by Brook et al (1996) can be used to explore non-linear dependencies in the proposed variable data. The BDS test is able to highlight model error specifications while being compared to other nonlinear tests and capture nonlinear properties that other tests ignore.…”
Section: Analysis Results and Interpretationmentioning
confidence: 99%
“…The negative effect of HEDU on GRP is surprising and contradicts the human capital theory, which states that higher education level improves the skills and knowledge of workers, which in turn increases their productivity and income [5]. Additionally, this outcome differs from that of earlier studies that discovered a positive correlation between higher education and the boom in economy in China [12]. A possible explanation for this finding is that there may be a mismatch between the supply and demand of highly educated workers in the labor market.…”
Section: Discussioncontrasting
confidence: 56%
“…Based on the findings of this paper, the main gaps and sources of inequality lie in higher education and highquality health care, which require increased future investment. It has been proven that investing in higher education would promote regional economic growth (Qi et al 2022;Valero and Van Reenen, 2019). Therefore, increasing investment in higher education could be a win-win situation for reducing inequality and promoting subsequent economic development in poor areas.…”
Section: Discussionmentioning
confidence: 99%