Study On The Efficiency Evaluation Of Chinese Government's Human Capital Invertment In Higher Education

During over 30 years of reform and opening up in China, the contribution of material capital spending to the economic growth is remarkable. However, along with the consumption of large quantities of material resources, it has brought the natural resources depleted and labor costs rising rapidly. There are also the intensification of the decline in the rate of population growthand the aging of the population. Relying on investment to increase the economic growth mode of development is not consistent with the development of China's socialist market economy. So the key of the extensive mode of growth to connotation type growth mode of China is to improve the output efficiency of the resources. Therefore, the important bases for the realization of intensive growth mode are to improve the efficiency of human capital investment of higher education, improve the quality of the workers, improve the technical structure, and promote scientific and technological innovationThis paper is based on the actual situation of the government investment in higher education, with the aim of improving the efficiency of higher education investment, combined with investment theory and human capital theory to analyze the characteristics and general rules of higher education development, to construct the evaluation system of the efficiency of investment in higher education by the static efficiency and dynamic index method. And then use the DEA to draw the comprehensive efficiency, pure technical efficiency and scale efficiency of higher education in different regions of our country, analysis the deep-seated causes of Investment efficiency differences. Finally, based on the role of human capital investment in higher education on the economic and social, the paper tests the economic and social effect of higher education human capital investment. The core contents and relevant conclusions of the paper as follows:First, it's the introduction. This chapter mainly elaborates the research background of this paper, and put forward the problem to be studied based on the review of the literature. At the same time clarify the research ideas, build the logical framework, and further elaborated the research content and research significance, and research methods and innovations.Second, it's the relevant concept and theory. In this chapter this paper defines the connotation and relevant concepts, for example human capital and the characteristic, the human capital investment and efficiency of investment in human capital; reviews the theory of public finance, human capital investment and efficiency of investment in human capital; comb related literature of higher education human capital investment at home and abroad, and expounds the necessity of government investment in human capital, laying a theoretical basis for the follow-up research.Third, it's the analysis of the present situation of China government human capital investment in higher education. This chapter describes the history of the development of higher education in our country; and then, analyzes the scale, proportion, characteristics and trends of higher education human capital investment in China; finally, compare the regional gap of China's regional higher education human capital investment.Fourth, it's the analysis of the efficiency of Chinese government's human capital investmentin higher education based on DEA model. This chapter defines the basic ideas and fundamental principles to construct the input index and output index. According to the two aspects we screen index to build efficiency index system; and then, this paper construct the efficiency evaluation model of higher education investment in human capital; the chapter descript the static efficiency and dynamic efficiency of the human capital investment of higher education from the overall distribution and yearly variation trend, and in-depth study the provincial differences and change trend.Fifth, it's the analysis of reasons for low efficiency in non DEA effective area. This chapter mainly compares the actual regional input-output level to the optimal value of production frontier, using the output oriented DEA model. Then we calculate excessive investment and insufficient output data by DEA projection analysis technique. Basis on that, the paper analyses the causes of low investment efficiency in the non DEA effective area, from two angles of economics and system design, in order to obtain more targeted policy recommendations.Sixth, it's the economic and social effects of higher education human capital investment. Based on the role of human capital investment in higher education on the economic and social, this chapter explores the path of higher education human capital investment on economy and society the paper tests the economic and social effect of higher education human capital investment. Based on the data of macro statistics, the paper verify the economic and social effect of human capital investment in higher education, the contribution of the national, regional, provincial higher education human capital investment to economic society using VAR and panel regression model.Finally, according to theoretical analysis and quantitative analysis, the paper explores the related policy to improve China's higher education human capital investment efficiency, providing advices on optimizing the allocation of resources for higher education.