An Empirical Analysis of Contribution of Rural County Education to Economic Growth — A Case of Yongchuan Region of Chongqing, China

Zhu Jian-yong

Asian Agricultural Research, 2010, vol. 02, issue 01, 4

Abstract: This paper introduces the derived process of the empirical mode that the investment in education has made a good contribution to the economic growth. Based on this point, taking Yongchuan region as an example and depending on the related statistics collected from 1981 to 2008, the paper carries out a study on the direct influences and the spillover that the investment in rural education makes to the economic growth through Feide Mode, that the fitting accuracy of the regression equation is relatively high and each variable coefficient has undergo very detailed significant tests. The study shows that the influence coefficient of investment in education to the economic growth is 0.821. The contribution to the economic growth is comparatively low, less than 1 percent of capital investment. The marginal productivity of education sector is minus 3.102. This may bear some relations to some factors, such as: the serious outflow of talent, the unsound education systems, the backward education concepts and the low level of economic development. At present, the economic growth of the rural countries is still in a capital pull stage. In the stage, the investment in education should be enhanced and the reform of the rural education system should be intensified to accelerate the harmonious development of the rural education and the economic growth.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:93235

DOI: 10.22004/ag.econ.93235

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