Leveraging higher education for economic development

Lingyu Chen and Xiaoxue Dong

Finance Research Letters, 2025, vol. 78, issue C

Abstract: This study utilizes the Cobb–Douglas production function and a comprehensive index method to assess the contribution of higher education (HE) to China's economic development from 2008 to 2018. Findings reveal significant “V-shaped” and “√-shaped” regional discrepancies in contribution rates across western, central, and eastern China. Cities such as Beijing, Shanghai, and Tianjin contribute more, whereas other regions lag behind. To enhance contributions, China must optimize HE structures, develop a modern lifelong education system, and implement tailored strategies that address regional needs and promote balanced educational growth across the provinces.

Keywords: Higher education; Economic development; Modern lifelong education system; Regional difference; Economic contribution rate (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004301

DOI: 10.1016/j.frl.2025.107167

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