Analysis On The Fiscal Investment Scale、 Structure And The Output Effectiveness Of Local Higher Education

Since the opening up reform, especially after the expansion of the university enrollment in the 21 st century, the rapid development of higher education in our country has become one of the main driving strength of the higher education popularization strategy. Now the local higher education development has new requirements. The party’s eighteen big and medium explicitly put forward to deepen the comprehensive reform of education, focus on improving the quality of education ". Therefore, the local higher education needs to change meet the needs of mass higher education to ensure the quality of higher education, and in the process of transformation, the reform and innovation of financial investment mechanism is very important. Therefore, the study of the financial investment scale, structure and the input effectiveness has a certain theoretical value and practical significance.Based on the above background and problems, this paper chooses Zhejiang Province as the case to study the scale, structure and the effect of the financial investment of local higher education in our country. In the course of the study, this paper uses the combination of theory and empirical research method. On the theoretical research, through the research on the theory of public goods, the theory of cost sharing in higher education, the theory of the separation of higher education, it is necessary and desirable to study the financial investment in Zhejiang province.According to the theory of decentralization in higher education, the management system is not conducive to the development of higher education, and the decentralization management should be carried out. On the other hand, with the continuous development of colleges and universities, the degree of specialization is higher and higher, the organization structure is becoming more and more complex. The government’s direct intervention in the internal affairs of colleges and universities is not conducive to the improvement of the performance of colleges and universities. Accordingly, the financial investment has also experienced from the central government to the central place of two levels of the main body, but at the same time, the local government in the relationship with local colleges and universities still maintained a relatively strong position.In the decision-making process of financial investment scale, local colleges and universities have a large amount of discretion, which leads to the local government to ensure the level of local colleges and universities to show a greater randomness. An outstanding performance is that the fiscal input of the local colleges and universities was strongly influence by the economic factors but the actually cost of local universities. The empirical research founds that the relationship of the financial investment scale in local colleges and universities and the economic development level is the inverted U type, which shows that the local government in the decision-making of local colleges and universities financial investment scale care more about the economic development than actually cost of local college and university.As the structure of the financial investment, this paper finds that the proportion of the financial allocations in the basic expenditure allocated to the school’s independent control is declining, while the proportion of government funds in the project expenditure is rising, but it is accompanied by a large amount of surplus. This unreasonable financial investment structure change trend shows that the local government in the relationship with the university more inclined to control. Empirical analysis of the impact of different types of financial funds to the performance of the University, founds that the proportion of public budget in the project expenditure is not conducive to the improvement of the performance of colleges and universities.In short, to increase the size of financial investment, optimize the structure of financial investment, improve the performance of financial investment, has become the main content of the reform of the fiscal investment mechanism of local higher education in the new period.