The Research On The Relations Of Chinese Education Investment And Economical Growth Based On The Panel Data

Entering the 21st century, the rise of the knowledge economy has become more apparent in a prominent position in the education and the role of education on our part, is not only a cause of the strategic high social benefits, but also a high cost-effectiveness is a basic industry, has been used as an the development of China's national economy plays a leading and, overall, and basic significance of knowledge industries and key infrastructure, referred to the priority development status of the strategic focus of the modernization and integrated into the overall layout of the building.Investment in education is to develop education material guarantee. Giving priority to the development of education to implement the strategic position, we must increase our investment in education efforts. Therefore, the study of Chinese investment in education, especially investment in education research the impact on economic growth, China's social and economic development, adapt to the current world from the industrial economy to shape the development of a knowledge-based economy to the new situation, for the implementation of China's "country through science and education" strategy, drive ultra-developed goal of great theoretical and practical significance.From theoretical and empirical two different levels of investment in education and economic growth, reveals the law between them, and our investments in education and economic growth empirical analysis. Through theoretical and empirical research, analysis of the various areas of investment in education on economic growth implications, as well as between the existence of causal relationship, with a view to China's economic macro reference for decision-making.