Research On The Efficiency And Equity Of The Financial Investment In Higher Education

Higher education is responsible for fostering talents and making research innovation and its stable development can build a solid foundation for supplying young talents to the country and its long-term development. As a result, to this extent, higher education is highly related to a race's development. From the angle of public economics, higher education has the character of public good which makes the government play a very important role in higher education. In the market economy, the importance of the government can be seen from its financial investment. In recent years, the high rate of the higher education's development comes out because of the financial support. As the public finance system is becoming more and more perfect, the scale of the financial expenditure on people's life becomes larger and the cost increases sharply at the same time. While the financial investment has a limitation, we have to consider on the efficiency and equity of the financial input and high education has no exception. Under this circumstance, using economical methods, we analyze the status of the efficiency and equity of the financial investment by the real data to know how the financial investment works. Moreover, we give some useful solutions to solve the problems which can increase the financial investment's efficiency and equity.There exist 6 chapters in the thesis. We mainly introduce the background of choosing such subject, the significance and the methods of this thesis in Chapter 1. In Chapter 2, we are concerned on analyzing the public financial theory, the public product theory and the character of higher education. The first two chapters are to build a foundation to data analysis and policy suggestion for the next chapters. The chapter 3,4,5 are the core chapters which analyze the financial investment in higher education from different aspects. Chapter 3 uses simple statistical methods to analyze the scale and structure of the financial investment in higher education and analyze the status and trends of the financial investment in higher education. We analyze the efficiency of public expenditure on higher education in Chapter 4.In this chapter, we select 16 indicators to reflect the situation of financial invest and output in higher education, use data analysis envelopment to study the relative efficiency of financial investment of every, province in China. Owing to being located in different provinces and being managed by different governments, the government investment in higher education varies greatly, so we use coefficient of variation and Theil index to study the equity of public expenditure on higher education from these two aspects in chapter 5. Based on the current problems of financial investment in higher education, we give some advices on the problems according to the theory and empirical analysis in chapter 6.