Research on the Fiscal Investment Mechanism for Higher Vocational Education in Hubei Province

DOI: https://doi.org/10.62517/jel.202614301

Author(s)

Zhi Li, Xingrui Yang*

Affiliation(s)

School of Finance and Economics, Wuhan City Polytechnic, Wuhan, China *Corresponding Author

Abstract

Based on Hubei Province's strategic needs to build a modern vocational education system and serve the development of the "51020" modern industrial clusters, this paper focuses on the innovation and transformation of the fiscal investment mechanism for higher vocational education. First, it reviews the main characteristics and achievements of the current fiscal investment in higher vocational education in Hubei Province. It then conducts an in-depth analysis of the prominent problems and structural challenges faced by the current mechanism in terms of performance management, integration of industry and education, regional balance, and sustainability. To provide forward-looking solutions, the paper proposes several recommendations: establishing a differentiated and dynamic investment mechanism based on professional clusters, a new financial support mechanism for industry-education integration, a linkage mechanism between performance evaluation and resource allocation, a system of special transfer payments for vocational education, implementing a combination of "finance-banking-land", and promoting whole-process digital governance.

Keywords

Higher Vocational Education in Hubei Province; Fiscal Investment; Integration of Industry and Education; Performance Evaluation

References

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