基于VECM的教育投资与经济增长关系研究

Research on the Relationship between Education Investment and Economic Growth Based on VECM

摘要: 教育投资增加的一个物质基础，在增强社会各方面教育投资能力方面发挥重要作用。本文以中国1985~2017年为例，通过建立VAR以及VEC模型，采用Johansen协整分析和脉冲响应等方法，实证分析了教育投资与经济增长之间的关系，结果表明：我国教育投资对经济增长的拉动作用大于经济增长对教育投资的拉动作用，且经济增长对教育投资的促进作用具有一定的时滞性。

Abstract: As a part of human capital, the increase of education investment in expenditure will directly affect the development of the entire social economy. Similarly, the economy, as a material basis for in-creased investment in education, plays an important role in enhancing the investment capacity of education in all aspects of society. Taking China’s 1985-2017 as an example, this paper empirically analyzes the relationship between education investment and economic growth by establishing VAR and VEC models, using Johansen cointegration analysis and impulse response methods. The results show that education investment plays a greater role in promoting economic growth than the role of economic growth playing in education investment in China, and economic growth has a certain time lag in promoting education investment.