Study On The Impact Of Economic Development On Education Equity From The Perspective Of Financial Development

With the continuous enhancement of China's comprehensive national strength,the rapid increase of financial revenue,and the healthy and orderly development of various social undertakings,all of these have created a good external environment for the development of our country's educational undertakings,which has made our country's educational investment continue to increase.The scale of education continues to expand,the structure of education is constantly optimized,the degree of education opening to the outside world deepens,and the service capacity of education continues to improve.However,the problem of unfairness in the field of education still exists for a long time and has always been the subject of academic circles.This paper intends to analyze the impact on education equity from the perspective of financial development,hoping to expand the research in this field.Firstly,literature review is carried out to obtain the inspiration from the existing research results;then the course of education reform is introduced in order to pave the way for the later research;secondly,The paper theoretically analyzes the influence of financial and economic development on education equity.Finally,it builds a measurement model.This paper analyzes the impact of financial development and economic development on the equity of education.This paper collects the panel data from 2000 to 2016 in 31 regions of China,establishes a panel cointegration and error correction model,and makes a contribution to the financial development of our country and its three major regions.The long-term stable relationship between economic development and educational equity and the impact of short-term fluctuations The analysis focuses on the impact of the interaction between financial development and economic development on education equity.The empirical results show that,in general,the direct impact of economic development on education equity is significant,and that financial development does not have a direct impact on education equity.However,the indirect effects of economic development are different in different regions:the national level and the eastern region are significant,while the central and western regions are not significant.Therefore,the sub-region puts forward different countermeasures and suggestions:for the whole country,To speed up the construction of multi-level capital markets,to provide more financing channels for enterprises,and to promote the development of the real economy;for the eastern region,the financial scale is already very large,and it is suggested that the financial development structure should be readjusted.To achieve targeted financial support wherever possible,To transform and upgrade the capacity of financial services,thereby promoting high-quality economic development in the eastern region;for the central and western regions,there is still a lot of room for financial development,and it is recommended that various measures be taken to expand the scale of financial development as far as possible.We will give full play to the role of financial development in promoting economic development and vigorously promote economic development in the central and western regions.