Study On The Contribution Rate Of Higher Education Investment To Economic Growth In Jiangsu Province

Higher education as a concentration camps of knowledge creating, processing,transmission and application, is the key to personnel training. The development ofhigher education cannot leave the education investment, and the education investmentis the basis investment and strategic investment for the country’s long-termdevelopment, which is also an important material base for the development ofeducation. At the same time, education investment is the focus of the public financesecurity. Higher education investment which is the guarantee of higher education, iscrucial for the cultivation of the talent. Previous studies have shown that the highereducation investment and economic output has certain relevance, but the researchabout the qualitative more than elaborated calculation, and the quantitative researchabout different uses is less.In view of lack of quantitative research about the higher education investmentand economic growth, we first had a clear research about the status, background andreviews from the domestic and foreign literature, expounded the mechanism of thehigher education investment on economic growth, and put forward the model the MIValgorithm and fuzzy neural network algorithm combining to estimate the contributionrate. The model defines the individual part and project investment, which is includingpublic parts and basic construction spending, and common parts including goods andservices, and other capital expenditure.Through the data about the higher education investment and economic growth ofJiangsu province in recent years, calculate the contribution rate of higher educationinvestment to economic growth combined with MATLAB programming in Jiangsuprovince. It is concluded that the contribution rate of individual part of the educationinvestment, goods and services spending, other capital expenditure, and basicconstruction spending projects to economic growth were0.0060,0.0924,0.1696and-0.0822. That is to say the contribution rate of the project investment is0.1798, andthe higher education investment is0.1858.The results show that the contribution rate of personal spending part is low; theinfluence of the goods and services spending is higher, but lower than the other capitalexpenditure contribution rate, which is highest. The basic construction spending is thelowest, and the reaction is negative, and the contribution rate of project investment ismuch higher than the individual part of the education expenditure. Finally, puts forward4recommendations to solve the problem of investment in education inJiangsu province, first is increasing the personal spending, and improving teachers’team and the university soft power. Second is taking the teacher more significant thanbuilding. Three is to establish a mechanism for "one" funding for one person,strengthen supervisions; put an end to waste and misuse. Four is to establish aperformance evaluation mechanism, reasonable use of basic construction expenses.