Welcome to Francis Academic Press

Academic Journal of Business & Management, 2021, 3(9); doi: 10.25236/AJBM.2021.030915.

The Relationship between Higher Education and Economic Growth in China

Author(s)

Zhuoxin Wang 

Corresponding Author:
Zhuoxin Wang
Affiliation(s)

School of Economics, University of Alberta, Edmonton T6G 2C5, Canada

Abstract

With the rapid growth of social productivity and science and technology in China, education has received more and more attention. Higher education, as the leader of education, has an increasingly close relationship with economic growth. With the advent of the knowledge economy, education has a driving effect on economic flourish, while the development of the economy has a significant impact on higher education. This paper wants to explore how higher education and economic growth interact with each other. This paper refers to relevant literature at home and abroad, mainly using data analysis, case study, literature, and interdisciplinary research methods. Therefore, this paper concludes that higher education promotes economic prosperity by boosting science and technology, optimizing human resources, and contributing directly to economic growth. Economic prosperity promoted the development of higher education through the evening education system and quality.

Keywords

higher education; economic growth; China

Cite This Paper

Zhuoxin Wang. The Relationship between Higher Education and Economic Growth in China. Academic Journal of Business & Management (2021) Vol. 3, Issue 9: 77-81. https://doi.org/10.25236/AJBM.2021.030915.

References

[1] Chen, J. (2012, December, 13) Proportion of teachers returned overseas (Chinese version). Retrieved from November 15, 2021, from http://scitech.people.com.cn/n/2012/1213/c1007-19883983.html

[2] Fan, W. & Ye, Y. (2021, March 7) China's economy will benefit from increasing average years of higher education (Chinese version). Retrieved from August 1, 2021, from https://baijiahao.baidu.com/s?id=1693557564334761347&wfr=spider&for=pc

[3] Gao, R. (2021). National Natural Science Program Guide (Chinese version). Beijing: Science Press.

[4] Guo, M. (2019, June 28). Yield comparison between hybrid rice and ordinary rice 9 (Chinese version). Retrieved from August 1, 2021, from https://www.chinairn.com/hyzx/ 20190628/091539161.shtml

[5] Ministry of Education. (2020). The Relationship between Number of Higher Schools and GDP. National Bureau of Statistics of China. Retrieved from August 1, 2021, from https://www.statista.com/search/?q=higher+schools+in+China&qKat=search

[6] Wang, H. & Sun, X. (2019, July 12) Policies and Achievements of Higher education in China (Chinese version). Retrieved from November 15, 2021, from http://www.etogether.net/htm/general/20190712/8275_2.html

[7] Statista. (2021) Total public expenditure on tertiary education in China from 2016 to 2020. Retrieved from November 15, 2021, from https://www.statista.com/statistics/1098736/china-public-spending-on-tertiary-education/