Analysis and Research on the Relationship Between Educational Investment, Economic Development and Poverty Alleviation in Middle-income countries

DOI

10.2991/aebmr.k.210319.146How to use a DOI?

Keywords

Educational Investment, Economic Development, Poverty Alleviation, Middle-income Countries

Abstract

It is very important to pay attention to the spillover effect of education sector on economic growth. This paper uses the modified Feder model to empirically study the total effect and spillover effect of education investment on economic growth in China. The results show that the spillover effect of education sector on economic growth estimated by the modified Feder model is significant in each period, and this spillover effect is higher than the world average. However, the marginal productivity of China’s education sector is relatively low, and this marginal productivity is lower than the world average. Therefore, to develop rural education and improve the level of culture and human capital of peasant household members is an effective way to get rid of poverty and block intergenerational transmission, and it also plays a fundamental and long-term role. Through the investigation and analysis of the economic and educational development of peasant households in the core areas of poverty-stricken areas in Northwest China, it is found that the income/consumption structure of peasant households is single, and the economic burden of educational investment is heavy. Econometric model can be used to demonstrate education investment and other capital investment. Granger causality test shows that there is a long-term and stable two-way causal relationship between economic growth and education investment in poor areas, while economic development is certain. The role of other capital input, labor input and technological progress is regarded as constant C, and step by step to promote the investment of higher vocational education, the two complement each other and cause and effect each other.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zijing Qi
AU  - Beibei NieYu
AU  - Zhen Zong
PY  - 2021
DA  - 2021/03/22
TI  - Analysis and Research on the Relationship Between Educational Investment, Economic Development and Poverty Alleviation in Middle-income countries
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 787
EP  - 791
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.146
DO  - 10.2991/aebmr.k.210319.146
ID  - Qi2021
ER  -