Research On The Impact Of Financial Investment In Higher Education In Northeast China On Economic Development

China’s economic and social development has been growing rapidly since the 70th anniversary of the People’s Republic of China,but the GDP rankings in Northeast China have gradually fallen from the country’s initiative to the country.At the same time,the strategy of "revitalizing the old industrial base in Northeast China" is gradually promoted.In the face of the new demand of economic development in Northeast China,China is about to embark on a new journey to build a modern socialist country.Under the background,more attention should be paid to the influence of higher education on highquality economic development.Person with ability as the first resource and human capital is capital stock of a new development model,among them,the higher education as a transformation of human capital is the most direct way,the core element of the economic development depends on the cause of higher education and economic development in northeast China should pay attention to the steady development of the cause of higher education,make policy,reasonable development,bring up multitude advanced talents with both capacity and noble character,stimulate economic vitality.Therefore,this paper selects provincial panel data from 2014 to 2018 in Northeast China to empirically analyze the impact of financial input on economic development of higher education in Northeast China,which plays an important role in adjusting the structure of education input,accumulating human capital and promoting economic development in Northeast China.First of all,this paper conducts a general analysis on the influence of educational input on economic development,and finds that there is a dialectical relationship between educational input and economic development.Economic development is the basis of educational input,and educational input promotes economic development.In northeast China was followed by descriptive analysis of higher education financial investment and economic development,higher education investment source in northeast China is relatively single,discipline into the gap between the larger,regional per capital financial input gap between apparent,economic growth is the foundation of financial input in education,the total education investment in northeast China and other regions there is a big gap.The GDP of this region is relatively low in China,its industrial structure needs to be upgraded,its scientific research and innovation capacity needs to be improved,and the phenomenon of brain drain is serious.Secondly,using the panel data from 2004 to 2018 in Northeast China,this paper conducts an empirical analysis on the impact of financial input to higher education on economic development.The financial input of higher education in Northeast China has a positive effect on economic growth,but the effect is little,and the effect is gradually weakened with the increase of lag period.The effect on economic quality is greater than economic growth,and the contribution rate to labor productivity is the most significant.On the whole,the fiscal investment in higher education in Northeast China has a positive influence high-quality economic development of economic quality.Finally,this paper is summarized based on descriptive analysis and empirical analysis.This paper put to table proposals on economic development and financial input of higher education in Northeast China from multiple angles.First,optimize the structure of educational investment and increase the intensity of educational investment.Second,optimize the regional layout of educational input and promote the balanced development of various disciplines.Third,expand the construction of the teaching staff and improve the level of the teaching staff.Fourthly,vigorously realize the introduction of human capital and curb the brain drain.Fifth,promote regional economic development with the help of higher education development.