Public education expenditure and corporate human capital: Evidence from China

Yong Li, Xinmeng Zhao and Bo Wang

Finance Research Letters, 2024, vol. 60, issue C

Abstract: The coordinated development of public education spending, human capital accumulation, and economic growth is a prerequisite for the virtuous cycle of regional economic development. The research results indicate that provincial-level public education expenditure has a positive impact on corporate human capital expenditure, and this impact is more pronounced in the western regions and non-state-owned enterprises. Based on this, the Chinese government should establish a long-term mechanism to ensure a certain level of public education investment in the future.

Keywords: Public education expenditure; Corporate human capital (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012989

DOI: 10.1016/j.frl.2023.104926

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