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Research on the Influence of Educational Input on Economic Output

Feiyang Lv, Qifeng Ma, Yangjianxin Zhou, Yifei Li

Abstract


This article selects 22 years of data from 1998 to 2019 in my country to conduct stability test, co-integration test, Granger causality test and error correction model analysis on fiscal education expenditure, economic growth, and fixed asset investment. The relationship between my country's fiscal education expenditure and economic growth. The results found that there is a long-term equilibrium relationship between fiscal education expenditure, economic growth and fixed asset investment. Economic growth and fixed asset investment growth are the Granger reasons for the changes in fiscal education expenditure. The impact of economic growth on fiscal education expenditure has a higher contribution rate in the later period. Although financial education expenditure can promote economic growth, its impact on economic growth is lagging behind.

Keywords


Financial Education Expenditure; Economic Growth; Error Correction Model

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DOI: http://dx.doi.org/10.18686/fm.v6i2.3279

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