Finance & Economics of Xinjiang ›› 2017, Issue (5): 51-58.doi: 10.16716/j.cnki.65-1030/f.2017.05.007

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A Study of Mutual Relationship between Xinjiang’s Higher-education Investment and Regional Economic Growth

Zhang Xiaodong   

  1. Xinjiang University of Finance & Economics, Urumqi 830012, China
  • Received:2017-06-20 Online:2017-10-25 Published:2020-11-27

Abstract: As an important channel for cultivating national human resources, higher education has become one of the important ways for a country to achieve sustainable development. The paper takes relationship of economic increase in Xinjiang and higher education investment as the research subject, building VAR and VECM model by time series economic data of Xinjiang from 1998 to 2015. It is found that a stable relationship among investment, staffing and economic growth in Xinjiang, and higher education investment played a positive role in promoting the economic growth. However, it does show that economic growth played a limited part in promoting the higher education investment.Therefore, this paper puts forward some suggestions according to the guiding ideology and objectives of the Xinjiang medium and long term education reform and development plan (2010—2020).

Key words: Higher Education, Educational Funds, Economic Growth, VECM Model

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