Research On The Impact Of China’s Higher Education Financial Expenditure On Economic Growth

In the last few years,the development of education has paid close attention to all.The quality of education development determines the future of the country.Human society needs to train human resources who need social needs through education,Education also undertakes the task of knowledge and culture dissemination and scientific and technological innovation.With the advent of knowledge economy,the importance of knowledge and talents is increasingly prominent.The development of today’s society needs the support of high-quality talents and more scientific and technological knowledge.As the highest level of education,higher education provides a large number of high-quality talents and necessary scientific and cultural education knowledge for the development of the country.On the existing theoretical knowledge level,neoclassical growth economics theory and endogenous human capital model theory believe that education can promote economic growth by improving the quantity and quality of human capital,and then improve the quality of human capital.The subject of education is human,and investment is human.To improve the quality of education is to get better people’s quality,so as to improve the quality of human capital.High quality talents are an important part of high quality human capital.As the highest level of education,higher education provides a large number of high-quality talents and scientific and cultural education knowledge for the development of the country and society.As a developing country,China has been carrying out the strategy of strengthening the country with talents for a long time.Accelerating the development of higher education is a necessary condition for achieving high-quality and rapid economic development.Therefore,in the context of the current economic and social development,this paper analyzes the improvement of human capital quality from the perspective of university innovation ability.It is of great strategic significance to China.This paper examines the effects of higher education expenditures on economic growth,and collects the data of time series and provincial panel data from 2000 to 2017 for empirical analysis.The main structure of the article is as follows: First,we summarize the relationship between higher education expenditure and economic development based on relevant literature and theory.and higher innovation ability according to the current economic development;Third,we construct an econometric model using the total time series data of the whole country and panel data of each ministry.The new ability of higher education is a mediator variable.First,we adopted the factor analysis method to obtain the version of the new higher education ability index,and tested intermediate variables to promote economic growth.Fifth,based on the results of the demonstration test,we demonstrated the new ability of Japan’s advanced education.The proposal was made by giving a conclusion.The main conclusions of this article are as follows: First,from a national perspective,higher education fiscal expenditures have a positive impact on my country’s economic growth.From the perspective of aggregate data,the scale of investment in higher education fiscal expenditures has not yet fully reached the optimal level.Second,material capital,human capital,and higher education financial expenditures all have a lagging effect on economic growth.Third,the intermediary effect of higher education financial expenditures on the innovation ability of colleges and universities has an effect on economic growth.Finally,we have proposed four aspects: investment structure,financial cost management level,and financial cost management level.the source channel of the educational funds and the transformation of the scientific research results...