Financial Investment、Social Investment And Output Of Higher Education Under Education Marketlization

To improve the social productive forces and comprehensive national strength,we need promote scientific and technological innovation,as an important part of education system,higher education shoulders heavy responsibility,training high-level talents and the development of modern science and technology.The development of higher education should not be short of funding support,and which must be need to help better and faster the development of higher education is adequate and reliable source of funding.According to the theory of public goods and cost-sharing,higher education owns quasi-public property and higher private rate of higher education return results,showing that not only the national government should be involved in higher education to provide the correspongding financial support,but also the family and the society in the market should enlarge the funding investment in higher education.Since market forces could make up the gap of funding resources,owing to the limited government funding investment in higher education could not satisfy the growing financial demand of higher education.Thus,China should learn the experience of higher education marketlization which reformed in the OECD countries,coordinate the relationship between the government financial investment in higher education and social investment in higher education,and provide more opportunities of social investment in higher education,in order to effectively promote increase the output of higher education,and pave the way to realize a country rich in human resources.In order to prove the rationality and reliability of the conclusion of the above theoretical analysis,this paper based on the relative data of OECD countries from2000 to 2012,and adopt the method of panel data model,to study and analyze how the government financial investment in higher education and the social investment in higher education from different OECD countries influence the out of higher education.The empirical results show that,it presents significant positive correlation between the government financial investment in higher education and the social investment in higher education.Moreover,the influence coefficient of the social investment in higher education to the output of higher education is much higher than the government financial investment in higher education to the output of higher education.In addition,this paper estimate the optimum social investment level of OECD countries,which is much higher than the level of social investment in any OECD countries.Therefore,the reforms of OECD countries higher educationmarketlization show positive significance to promote increase the output of higher education and improve the quality of higher education,by means of leading market factors into the investment of higher education and raising the social funding in higher education investment.Nowadays,Chinese government spending on education has already reached 4%of GDP.Therefore,we should suit actual situation in our country,and analyze the characteristics of the investment in higher education from different OECD countries,to search our own path to develop the higher education.Based on above analysis,this paper puts forward the following suggestions: improve higher education finance system,introduce performance management;encourage social capital investment,perfect the mechanism of the social investment in higher education,including adjust cost sharing structure,perfect the mechanism of subsidy and encourage Enterprise education donation,perfect the mechanism of education donation.