The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development

Li, Xinyao; Wye, Chung‐Khain

doi:10.1080/10971475.2022.2058182

Cited by 4 publications

(2 citation statements)

References 89 publications

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“…Colleges and universities receive huge amounts of funding because of their potential to add value to national economic construction and social development (Ziberi et al, 2022). Furthermore, higher education disseminates and transforms knowledge into economic growth (Chang et al, 2016;Li & Wye, 2022). Because huge public funding is invested, Johnes et al (2017) argued that it is essential for the education system to operate as efficiently as possible.…”

Section: Literature Reviewmentioning

confidence: 99%

Does More Investment in Universities Improve Their Performances?

Xie

Siau

Chen

2023

Journal of Global Information Management

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Universities play a critical role in improving the economic prosperity and social well-being of a country. Many countries have invested heavily in higher education and funding university education for their citizens. Does more investment enhance universities' performances? What other factors contribute to universities' productivity? This research used the data envelopment analysis methodology to study the total factor productivity (TFP) of 60 Chinese universities from 2006 to 2016. The study found the values of TFP fluctuated between 0.950 and 1.050 and were relatively stable. Contrary to common belief about productivity improvements, universities with more investment from the Chinese government did not show better performances. Nevertheless, the study found evidence that human resources (e.g., postgraduate-teacher ratio), physical resources (e.g., campus areas), and policy factors (e.g., tenure of the presidents, mergers) have a positive impact on universities' productivity.

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Section: Literature Reviewmentioning

confidence: 99%

Does More Investment in Universities Improve Their Performances?

Xie

Siau

Chen

2023

Journal of Global Information Management

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“…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).…”

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confidence: 96%

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

et al. 2023

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The article aims at selecting the most perspective mechanisms and finding the perspectives of using the integration mechanisms of education development for accelerating Russia’s economic growth. The methods of correlation and regression analysis are used. It is proved – by the example of top universities in Russia in 2020 – that the development of higher education and maximization of its contribution to the acceleration of economic growth could be achieved based on the integration mechanisms with the participation of universities. It is determined that optimization should be applied to educational (quality of higher education), scientific (R&D), and international (globalization) activities of universities, which could reach its maximum in case of an increase in the number of incubators in each university up to 5 units, number of centers of shared use of scientific equipment up to 40 units, and number of small companies up to 41. It is determined that citations and profitability (effectiveness) of universities do not depend on integration mechanisms in higher education. Such integration mechanisms as employer-sponsored education, practice bases, and technological parks do not contribute to the improvement of the indicators of universities’ activities and thus their development is inexpedient. The practical significance of the authors’ conclusions and recommendations is that they allow raising the effectiveness of university management and optimizing the organizational and managerial conditions under which the potential of universities in the sphere of support for the implementation of the social and investment model of economic growth is unlocked in the most comprehensive way.

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Economic development and the finance–growth nexus: a meta-analytic approach

Iwasaki,

Ono

2023

Applied Economics

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The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development

Cited by 4 publications

References 89 publications

Does More Investment in Universities Improve Their Performances?

Does More Investment in Universities Improve Their Performances?

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

Economic development and the finance–growth nexus: a meta-analytic approach

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