Problems of China’s Educational Expenditure and Their Solutions

Lili Jin, Haiqin Rao

Abstract


This article introduced the current situation of fiscal educational expenditure in China, and conducted an empirical analysis on the relationship between the fiscal educational expenditure and GDP in China. At last the author also reaches a conclusion that there exists a lagged effect that the education expenditure brought to economic growth. Government departments at all levels will implement the legal growth rate, and improve the proportion of fiscal educational expenditure in GDP.


Keywords


Education expenditure, Economic growth, Cobb–Douglas production

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