Reflections on Regional Economic Convergence and Higher Education Funding in China

DOI: https://doi.org/10.62517/jike.202304218

Author(s)

Yingxia Zhao, Yandong Zhang*

Affiliation(s)

Guangzhou College of Commerce, Guangzhou, Guangdong, China *Corresponding Author.

Abstract

The improvement of the quality of labor is a fundamental element in promoting national economic development, and the value created by high-level human capital will continue to be demonstrated in the rapid development of society. According to the relevant provisions of human capital theory, the impact of human capital on regional economic growth is mainly considered from two aspects: the "quantity" and "quality" of human capital. According to relevant empirical results, there is a strong autocorrelation between higher education investment and advanced human capital in geographical space. The direct and indirect spillovers of technological innovation effects in advanced human capital can both promote economic growth. Therefore, many educators, economists, and others view the country's financial investment in education as an endogenous variable for regional or even national economic development. In the following research, the author takes the economic convergence of the eastern, central, and western regions of China as the starting point to explore the relationship between higher education investment, human capital structure, and regional economic growth, and to study the internal relationship between higher education and regional economy.

Keywords

Regional Economy; Convergence; Higher Education; Funding Investment; Human Resources

References

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