Mathematical Model Research on Contribution of Higher Education to Economic Growth
Hunan International Business Vocational College, 410201 Changsha Hunan, China
This paper selects 31 provinces (autonomous regions and municipalities) of China and divides them into three areas with four indicators—economic output, physical capital input, labor input and education years in 2004 to 2013 as data samples and adopts the theory of aggregate production function and least square method to establish a mathematical model of the relationship between education and economic growth, and concludes the following conclusion: The rate of China’s education contribution towards economic growth is 9.82%. The economic growth rate of human capital level for education per capita in the eastern area is 11.513%, which is higher than the national average level, while the economic growth rate of education in the central and western area is respectively 9.221% and 5.479%, which is lower than the national average level.
Key words: area / aggregate production function / least square method / growth rate
© Owned by the authors, published by EDP Sciences, 2015
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