Higher Education Resources’ Allocation and Economic Growth’s Quality: Evidence from Chinese Province

Abstract

Based on the Panel Data of 31 provinces for the period of 2008-2017 in China and 8 models of fixed and random effects, this paper studies the effects of higher education resources’ allocation on economic growth’s quality. Our research discovered that per capita GDP has effectively promoted allocation of higher education resources. Since 2009, the allocation level of higher education resources in all regions of the country has generally declined, and it has only increased in a few areas, such as Beijing and Shaanxi, where many higher education institutions gather. High-quality economic growth needs a good mechanism of allocation of educational resources as a guarantee. Therefore, all regions in China should transform the dynamic mechanism of improving the quality of economic growth, pay attention to the cultivation of regional higher education talents, and use higher education to drive the innovation mechanism of regional economic growth.