Researh On The Factors Influencing The Financial Investment In Higher Education In Guangxi

Higher Education bears the major responsibility of cultivating talents,developing science and technology,and promoting social and economic development,and provides important intellectual support for social and economic development,to provide a strong driving force for social sustainable development.Since the 1990 s,with the deepening of the reform of China’s Higher Education Management System,the implementation of the "hierarchical management" of the education management system,provincial governments are responsible for the allocation of all educational funds to all universities in the region except those directly under the central government,which increases the financial burden of local governments to invest in higher education.With the large-scale enrollment expansion of colleges and universities and the increase of the demand for higher education,the contradiction between the demand expansion and the shortage of funds is becoming more and more obvious in some provinces.Guangxi is a multi-ethnic region along the southwest border,its economic development level is relatively backward,the overall development of higher education is lower than the national average level,the problem of insufficient investment in higher education is especially serious compared with other provinces.Based on the theories of human capital,public goods and cost-sharing,and combining with relevant literature and statistical analysis of data,this paper makes clear the influential factors of financial investment in higher education in Guangxi,and from the level of economic development,the efforts of the government,the scale of development of colleges and universities,the level of social development,the construction of an impact index system,the use of principal component analysis of the impact factor indicators for empirical research,it further enriches the empirical research on the influencing factors of financial investment in higher education.