The Research On The Relations Of Financial Investment In Higher Education And Economic Growth In Ji Lin Based On Econometric Model

With the progress of human society, especially in high-tech development , socio-economic growth has undergone a fundamental change, the relationship between education and the economy also had a profound change. Higher Education as an education and economy interconnected important link, with its unique economic features fully, deeply, permeably combines in economic growth at high speed. Educational input is the material foundation determined the development of education, without certain relying on material conditions; it is difficult to carry out educational activities. Higher investment is part of input in education, for fitting and promoting economic and social development higher education will certainly have to take a certain amount of human and material resources in the process of training specialized personnel and conducting scientific research. In essence, higher investment belongs to redistribution and re-use of socialist national income, is closely related to a country's economic growth and development. Higher education for the community provides adequate specialized human capital and promotes the economic growth, in turn, higher investment of the government investment as a main body fundamentally determines the development of higher education. Along with the in-depth development of China's higher education management system reform, local governments in the higher education funding are increasingly important, become the main channel of higher education funding sources. Therefore, studying the relationship between local input into higher education and Economic Growth is of great importance to coordinating the relationship between Higher Education and Regional Economic Growth.This thesis, according to human capital and endogenous growth theory, using the"China education yearbook "﹑"Jilin statistics yearbook"and the concerned numerical data provided by the Department of Education, selecting Jilin's economic and educational statistics from 2000 to 2008.First, from the two aspects of scale, structure, the static and dynamic characteristics of higher education financial input in Jilin province are analyzed, then established the econometric model of higher education financial investment and economic growth, revealing the relationship between the financial investment in higher education and the growth of Jilin Province, judging the national economy growth of Jilin province each one unit, how much higher education investment increases. Again the paper analyzes the difference between the 31 provinces, municipalities and autonomous regions in higher education input and economic growth based on the panel data model, finding out the gap with the developed provinces, as far as higher education investment's role is concerned in boosting on the province economic growth. End of the article analyzes the problems with the higher financial investment in Jilin Province and the causes, for this, putting forward the countermeasures for promoting sound and fast economic development of Jilin Province and the healthy development of higher education.In this paper, the main innovative points:(1)Going on dynamic description of higher educational financial investment and economic growth in Jilin province from the total quantity, the structure and so on many angles, revealing the characteristics and associations of the both.(2)Using panel data model, in particular, changes in the fixed effects intercept and variable coefficients model, analyzes the differences between local input of Higher Education and Economic Growth., identifies gaps of Jilin Province.