Mode Of Circular Economy Development In China's Coal Industry Research

With the advance of the society, higher education is more and more important in China's future sustainable development. Financial investment from the government is the main source of the fund for China's higher education. As the scale of the universities and colleges becomes increasingly larger, the total financial investment on higher education has been increased every year. But due to the limitation of the economic development level, the supporting capacity of the state finance and the affordability of the people, the financial investment from the government on the higher education can not catch up with the development of the higher education itself. Thus, together with the lack of scientific evaluation of effectiveness of the fund budgeting and allocation of the financial investment on higher education in different regions, it leads to a serious problem in fairness and effectiveness of the investment and the co-existence of the fund deficiency, recruitment at will and huge waste of the higher education fund. Therefore, it is of urgent need to establish a set of scientific evaluation system for the effectiveness of the financial investment on higher education so as to help reform on the management system of the financial expenditure to achieve better result.The paper, based on previous research results of the financial investment effectiveness evaluation, analyses the current situation of the financial investment and output level of China's higher education in recent years through literature review and material collecting. In addition, with the adoption of investment-output approach to select relevant evaluation index, it constructs the model for effectiveness evaluation of the financial investment on China's higher education by establishing the weighing of the different index, using SPSS software. With this model, the effectiveness of the financial investment on higher education in China as whole and in 31 provinces and cities is measured, evaluated and compared. Also, the main problems in the financial investment effectiveness evaluation on China's higher education are analyzed and suggestions for improvement are brought forward as a good reference for education administrative sections to reform on the management system of education financial expenditure and to enhance the financial investment effectiveness in China's higher education.