An Empirical Analysis Of Our Financial Input To Education,Human Capital Optimization And The Quality Of Economic Growth

Since the 21st century,my country’s economy has developed rapidly,with its economic aggregate ranking second in the world,with a total value of nearly US$100trillion.At the same time,my country’s per capita GDP has exceeded the US$10,000 mark for the first time.However,the sudden outbreak of the epidemic,the global economic shutdown,the impact of the trade war,and the impact of the global economic downturn have all made my country’s economic development weak and lacking followup motivation.At this stage,the “side effects” produced by my country’s economic development have gradually emerged-increased environmental pollution,wide disparity between the rich and the poor,and lack of sustainable economic growth all mean that my country urgently needs to find new economic development drivers and transform traditional ones.The development concept and model,replacing the speed of economic development with the quality of economic development,is the current development goal and orientation of our country.The research of this article takes education investment as the starting point,expounding the important role of education investment on the quality of economic growth.Education is the main way for a country to accumulate human capital,and human capital is one of the most important driving forces for national development in the era of knowledge economy.With this as the core idea,this paper constructs an economic growth quality evaluation system,and uses panel data from my country’s 31provinces(municipalities,autonomous regions)from 2010 to 2019 as a sample to obtain the economic growth quality of my country’s 31 provinces.On this basis,this paper establishes a fixed effect model and analyzes that education investment can significantly affect the quality of regional economic growth in my country and promote the improvement of the quality of regional economic growth.Using channel testing and traditional transmission mechanism testing methods,this article also draws a conclusion: the optimization of human capital is the main channel through which education investment affects the quality of economic growth.In addition,this article also analyzes the heterogeneity of the development status of my country’s eastern,central and western regions.The comparison finds that compared with the eastern and central regions,the educational investment in the western region has the most obvious role in promoting the quality of economic growth.Therefore,this article concludes that in order to achieve healthy and sustainable economic development,break through existing development bottlenecks,and improve the quality of my country’s economic growth,we must first further increase regional fiscal education expenditures so that per capita education investment can meet individual needs and adapt to economic needs.Development;secondly,construct a reasonable education investment structure to improve the efficiency of education investment;finally,pay attention to the regional economic development and market demand,so that the education reform can better serve the sustainable development of the economy.