Different Laborer´s Stock of Education Levels and the Economic Growth: A Granger Causal Analysis of China from 1981 to 2006

This paper uses co-integration analysis and Granger causal relation test to empirical study the relation between different laborer´s stock of education level (primary, secondary, college, and graduate) and economic growth of China from 1981 to 2006. The results indicate that the dynamic equilibrium relation only exists between laborer´s stock of secondary and college educated and economic growth in China. Meanwhile the Granger causal is only significant from laborer´s stock of secondary education to economic growth.