Title :
Empirical study on expenditure on education and economic growth in Chongqing based on VAR
Abstract :
Based on the Chongqing data from 1979 to 2009, this paper performs an empirical research according to VAR modle and the results of vector error correction model (VECM), it draws a conclusion that there is a long-term equilibrium between the two variables, EE has great impress on economics, the elasticity is 0.5451. The results also reveal that there is a bi-directional causality between EI and GDP.
Keywords :
Analytical models; Economic indicators; Education; Electric shock; Investments; Reactive power; Economic growth; Expenditure on education; Granger causality test;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5881511
