Status And Efficiency Of China's Higher Education Financial Investment

Economic development rely mainly on scientific and technological progress andimprove the quality of workers, as the number of population in the world’s largestcountries, the most abundant labor resources. So be sure to pay more attention to thedevelopment of education, especially for higher education, so that China’s science andtechnology in order to better development, the full development of human resources,so that our country in order to complete the transition to a country rich in humanresources from a country with a large population.Higher Education to develop without the financial support, adequate and reliablesource of funding for higher education will help to better and faster development.According to the theory of public goods and cost-sharing, Higher Educationquasi-public property, the social rate of return of the investment is much higher thanthe private rate of return results, showing the national government should be involvednot only higher education to provide the corresponding financial support, and if thestate-funded, it should increase investment in higher education.From the period of reform and opening up began, China has been very concernedabout the issue of the development of higher education, to respond to the challengesof the knowledge-based economy through the development of the strategy ofrejuvenating the country through science and education "strategy and the country withtalented people, to achieve the goal of building a moderately prosperous society. Since1999, China has decided to expand the scale of higher education enrollment beganmore than a decade, the state has always been committed to the expansion of highereducation resources, expand the range of specialties in universities and expand thework of the college and university admissions, these efforts to make higher educationin China has been in high-speed development of the state of higher education in Chinastep the number and size of the golden age of expansion, and soon realized by the"elite" to "popular".With the popularization of higher education continue to strengthen the status quo, in recent years, the government is also gradually increase investment in highereducation. Can see that the government work report from2013to2012, China’s fiscalexpenditure on educational funding has been accounted for4%of the gross domesticproduct (GDP), to achieve the goal of20years ago in China, Higher Education Thefinancial funds improved to some extent. At the same time, the problem of theshortage of higher education financial investment in China have become increasinglyprominent. At present, China’s higher education finance system mode high fees inpublic universities mainly a combination of a small number of private colleges anduniversities mode. This mode causes of Higher Education Government has put theburden of pressure is gradually increased while the increasing popularization ofhigher education status quo. Higher Education Financial Investment in research is theapplication of finance theory in the higher education sector, the ultimate goal is toachieve efficiency and equity of use of finances unified higher education can get thestable and sustainable development. However, our highly educated financialinvestment to achieve the effect (that is, the higher education financial input outputefficiency) research mainly concentrated in specific colleges and universities, the lackof a unified objective assessment of the overall level of efficiency. Therefore, anobjective assessment of the output efficiency of the financial investment in highereducation, higher education and how to achieve a reasonable level of financialinvestment scale, the funding structure optimization and rational use of existingeducational resources are extremely important practical and theoretical significance.Overview of China’s fiscal policy and the course of development in highereducation to support the work of the history of the development of China’s highereducation financial investment have a preliminary understanding; specific analysis ofthe current development of China’s higher education financial investment; financialinvestment point of view, the use of data envelopment analysis by the teaching staff,and quality indicators, indicators of school size and layout class, students developcategories of indicators specific evaluation data input and output efficiency of thetotal investment and financial investment in China’s higher education, in order toachieve China’s higher education financial investment objective understanding of the situation and use efficiency, in order to provide a reference for the future developmentof higher education investment scale and use research. Finally, combined with theprevious evaluation, further analysis of the existing problems of the output efficiencyof the higher education financial investment and its causes, and to make suggestionsfor the problems identified, in order to get better development of China’s highereducation.