Contribution of Higher Education to Economic Growth in Hubei
MA Dan
LIU Xin
LI Xiaobo
HUANG Aiping
Abstract:With the advent of knowledge economy , the value of higher education on the economy has a-roused public attention .In order to study the contribution of higher education to Hubei economic growth , based on the estimation model , the data of Hubei GDP from 1997 to 2010, the population and the educa-tional degree have been analysed in this paper .With the Cobb-douglas model , the contribution rate of higher education on Hubei economic growth has been found to be 0.92%.Through the analysis we can get the conclusion:the profit of Hubei economic scale has been gradually increased , and the status of e-conomy remains to be a sustainable development;the capital investment of Hubei Province has been rela-tively low, and the situation of labor intensive still exists .As a result, the contribution rate of Hubei high-er education on economic growth needs to be improved .
Keywords:higher educationeconomic growthCobb-douglas modlecontribution rate
Publication Date:2014-01-01
Online Publishing Date:2025-08-15(First online date of this platform, not the publication date of the document)
Pages:4( 166-169 )