This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into...This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.展开更多
Taking 20 relative poor families in Hechuan District of Chongqing Municipality as survey samples,taking 275 households of rural families selected by stratified sampling method as research objects,and taking family edu...Taking 20 relative poor families in Hechuan District of Chongqing Municipality as survey samples,taking 275 households of rural families selected by stratified sampling method as research objects,and taking family education investment behavior of this rural area as research content,this paper studied current situations of rural family education investment behavior in Hechuan District,difference in investment behavior and related influence factors. It is intended to provide references for family education investment of rural areas in Hechuan District and even Chongqing Municipality,and promote development of rural education undertaking in China.展开更多
With the implementation of the policy of popularization of education, rural families make the choice of interests and behavior decisions through the calculation of their own benefits and costs, and gradually become th...With the implementation of the policy of popularization of education, rural families make the choice of interests and behavior decisions through the calculation of their own benefits and costs, and gradually become the main body of rural education investment decisions. The relationship between educational cost and income plays a major role in the rural family education investment. Based on the current situation of rural education in our country, this paper focuses on the risk of rural education investment and rural education costs and benefits, and then puts forward scientific, operational measures and suggestions.展开更多
Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year comp...Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year compulsory education. The result of the mixed logit model shows that one percentage point increase of expected lifetime income will increase students' 3.98 percentage points' probability of choosing corresponding choice, while the nested logit model shows the marginal effect of 4.38. Fathers' educaiton, family income and students' academic performance have significantly positive effect of students' choice probalitiy of going to normal high school and accepting secondary vocational education, which is consistent with the previous literature.展开更多
In this article,it discusses the di£ferences in economic development between urban and rural areas and regions in our country from the perspective of education investment and fixed asset investment.Based on the p...In this article,it discusses the di£ferences in economic development between urban and rural areas and regions in our country from the perspective of education investment and fixed asset investment.Based on the provincial data of 31 provinces from 1999 to 2017 released by National Bureau of Statistics,it expends the Cobb-Douglas model and Lucas model,and analyses the data with multiple linear regression models.From the study,it finds that compared with investment in fixed assets,investment in education has a larger role in promoting economic development,which is more obvious in the underdeveloped central and western regions and rural areas.However,at the same time it needs to note that the positive effects of education investment will be restricted by the economic structure and policy environment,and education expenditure policies should also be implemented in accordance with time and local conditions.展开更多
Chinese education is like a large competitive game in the past time,with a lot of over-step learning and pre-emptive education increasing the extra—curricular pressure on primary and secondary school students day by ...Chinese education is like a large competitive game in the past time,with a lot of over-step learning and pre-emptive education increasing the extra—curricular pressure on primary and secondary school students day by day.In 2021,the national"double reduction"policy was implemented,and in 2022,the"Family Education Promotion Law of the People's Republic of China"was introduced.With the combined effect of"one government,one law",the status and role of family education have become more prominent,so it is of great practical significance to understand the education investment behavior of Chinese families.Therefore,this study is a case study of three students and their families from different schools in Weifang,Shandong Province in China.Through semi-structured interviews,this paper discusses the educational investment of well-off families after the implementation of the double reduction policy.The results show that art-related learning content dominates the education expenditure of well-off families after the implementation of the double-reducing policy,while cultural tutoring decreases.Becasue of(a)parents mainly want to cultivate their children's interests and hobbies or provide guidance for weak subjects;(b)the lack of understanding of the double reduction policy,leading to parents and students blindly follow the trend,increasing the pressure of students and parents'anxiety.This study focuses on the feelings of students and parents after the implementation of the double reduction policy,and attaches importance to the problems arising after the implementation of the policy.The findings are helpful to provide reference for future research on the educational investment of wealthy families after the implementation of the double reduction policy.展开更多
In recent years, financial crises of higher education have become universal. The policy of cost-sharing by in- dividuals was tried out in many countries. However, empirical studies have shown that the policy has, to a...In recent years, financial crises of higher education have become universal. The policy of cost-sharing by in- dividuals was tried out in many countries. However, empirical studies have shown that the policy has, to a certain de- gree, negative effects for the poor in accepting higher education costs. This paper points out it is the mismatch between tuition fees and the ability to pay that causes the problem. Using two dimensions of group and time to pay, a mode sys- tem, including seven modes for the individual to share the cost of higher education, was constructed. It is suggested that only three modes of pay-immediately have been carried out in China and they all have same shortcomings. To try new modes and exercise different modes synthetically will be meaningful for solving the questions that exist in the current policy.展开更多
Educational investment is the material basis for developing intelligence and educational cause and also an important factor for the development of economic and society.This paper argues that educational investment is ...Educational investment is the material basis for developing intelligence and educational cause and also an important factor for the development of economic and society.This paper argues that educational investment is an important strategy to solve the problem of disadvantaged groups in our country,and hopes that through the analysis of the structure and the trend for educational investment in developed countries,and it can provide reference and valuable suggestions for our country.展开更多
Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, ...Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, the long-effect mechanism for investor education is not only a demand of China's securities market on its healthy development, but also an objective reality that China's investor education is necessary to confront with. For these reasons, it is necessary for China to deepen investor education, expand investor education platform, strengthen risk prevention, and take initiative to build up a multi-level investor education system, and ultimately establish and improve a long-effect mechanism for investor education, so as to ensure the stable, harmonious and order development of China's Securities market in futures.展开更多
《Education at a Glance:OECD indicators》是OECD每年发布的关于各成员国3年前教育发展概况统计。通过对2010-2015年6年间OECD发布的《Education at a Glance:OECD indicators》报告中关于幼儿教育阶段经费投入状况的分析发现:OECD国...《Education at a Glance:OECD indicators》是OECD每年发布的关于各成员国3年前教育发展概况统计。通过对2010-2015年6年间OECD发布的《Education at a Glance:OECD indicators》报告中关于幼儿教育阶段经费投入状况的分析发现:OECD国家近年对幼儿教育的投入占GDP的比例平均0.6℅以上,占教育总体投入的8.5℅以上,并且教育投入正在向幼儿教育倾斜;政府是学前教育投入的绝对主体,并正在逐步通过多种方式降低家庭负担的比重;在保证一定数量的公办幼儿教育机构的基础上逐渐扩大对私立机构的投入和资助。OECD国家幼儿教育经费投入趋势对我国幼儿教育经费投入具有重要的参考价值。展开更多
Objective This study estimated the investment in child development from three aspects-public health, public education, and family investment to establish the level of investment, to provide reference information for g...Objective This study estimated the investment in child development from three aspects-public health, public education, and family investment to establish the level of investment, to provide reference information for government decision making and to provide international comparisons. Methods Public investment in health was measured with macro data related to public health spending and child development in government expenditure. Public education investment was based on basic education data. Family investment evaluation was based on per capita family consumer spending data in different age groups to estimate the input for child development. Results Both public health investment level and the proportion of GDP rose for all age groups over time, but the overall investment level was still insufficient. Public investment in children's education has increased year by year, but the trends in all age groups are unbalanced with much lower investment in early childhood education. Private investment in children has increased over the period, but has declined as a percentage of GDP. International comparisons show that China's investment in child development is much lower than OECD countries. Conclusion The private investment in child development was the main way in China, with public finance contributing only a small proportion. Given the poor international comparisons, the government needs to review the balance of public investment to redirect more towards the development of children under the age of six to their health and education.展开更多
The COVID-19 outbreak left the world an island shrouded in repression,causing great losses to the world economy and blowing numerous investors in the financial market.However,at the same time,emerging online industrie...The COVID-19 outbreak left the world an island shrouded in repression,causing great losses to the world economy and blowing numerous investors in the financial market.However,at the same time,emerging online industries also bring them new investment opportunities.This article would analyze the operation condition and forecast the growth potential of three enterprises,Zoom Video Inc.,Shanghai Yaoji Technology Co.,Ltd,and 51Talk,which specialize in Online Entertainment,Online Education,and Office Online.Through analyzing operating profit growth rate and net profit growth rate of Zoom Video Inc.,classifying Shanghai Yaoji Technology Co.,Ltd in terms of ROIC and increase rate of main business revenue,and predicting stock returns of 51 talk using Baidu Index,short-term and long-term investment strategies can be provided.With the above evidence,it is proposed that Shanghai Yaoji Technology Co.,Ltd is worthy to invest in the short run,while Zoom Video Inc.and 51Talk have larger profitability in the long term.Besides,the future of those online industries is predicted.展开更多
Using all Chinese firms listed on the stock exchanges during 2007-2012, we examined the influence of employees' heterogeneity characteristics on R&D investment. The empirical result showed that employees' educatio...Using all Chinese firms listed on the stock exchanges during 2007-2012, we examined the influence of employees' heterogeneity characteristics on R&D investment. The empirical result showed that employees' educational level and R&D investment is a significant positive correlation. We also proved the number of technical employee has a positive effect on R&D.展开更多
In this paper, we emphasize the interactive effect between life expectancy and human capital accumulation, and test the positive feedback of longevity to educational investment in China. This is very important for und...In this paper, we emphasize the interactive effect between life expectancy and human capital accumulation, and test the positive feedback of longevity to educational investment in China. This is very important for understanding the pressure from the aging population and the increase in private educational investment in China. We first show in an extended human eapital investment model that life expectancy growth acts as a driving force for educational investment. We then build a difference-in-difference-in-differences empirieal framework and use cross-province data to examine the effect in China. We use the maternal mortality rate (MMR) to identify the difference in life expectancy between genders, and the illiteracy rate or average years of education by gender for educational investment. The empirical results comply with the theory, in that increases in life expectancy significantly lower illiteracy rates and improve the average schooling years in China. This content of the present paper is closely related to crucial issues like population aging, human capital accumulation and gender discrimination. Policy implications are discussed based on the empirical results.展开更多
There is an evident bi-directional causality relationship between education investment and economic growth based on an analysis of statistics from 1952 to 2003 released by the State Statistics Bureau.A generalized dif...There is an evident bi-directional causality relationship between education investment and economic growth based on an analysis of statistics from 1952 to 2003 released by the State Statistics Bureau.A generalized difference regression model is set up to investigate the relationship between the two.Studies show that the rate of contribution of education investment to economic growth was 24.4 percent from 1952 to 2003.Further examination indicates that after the market-oriented economy restructuring,this rate increased by a wide margin of 7 percent,from 22.8 percent to 29.7 percent.展开更多
基金the financial support provided by the Natural Science Foundation of China (Nos. 71774071, 71690241, 71673117, 71603105, 71473106, and 71371087)the China Postdoctoral Science Foundation (No. 2016M601568)+5 种基金the Young Humanities and Social Science Foundation of the Ministry of Education of China (No. 14YJC790106)the Grant for the Soft Science Project of Jiangsu Province (No. BR2017024)the Natural Science Foundation of the Jiangsu Higher Education Institutions of China (No. 14KJB170002)the Grant for the Service Research Center of Philosophy and the Social Science Foundation of Zhejiang Province (No. 2013JDN01)the Young Academic Leader Project of Jiangsu University (No. 5521380003)the Education Science Research Project of Shanxi (GH-16082)
文摘This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.
文摘Taking 20 relative poor families in Hechuan District of Chongqing Municipality as survey samples,taking 275 households of rural families selected by stratified sampling method as research objects,and taking family education investment behavior of this rural area as research content,this paper studied current situations of rural family education investment behavior in Hechuan District,difference in investment behavior and related influence factors. It is intended to provide references for family education investment of rural areas in Hechuan District and even Chongqing Municipality,and promote development of rural education undertaking in China.
文摘With the implementation of the policy of popularization of education, rural families make the choice of interests and behavior decisions through the calculation of their own benefits and costs, and gradually become the main body of rural education investment decisions. The relationship between educational cost and income plays a major role in the rural family education investment. Based on the current situation of rural education in our country, this paper focuses on the risk of rural education investment and rural education costs and benefits, and then puts forward scientific, operational measures and suggestions.
文摘Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year compulsory education. The result of the mixed logit model shows that one percentage point increase of expected lifetime income will increase students' 3.98 percentage points' probability of choosing corresponding choice, while the nested logit model shows the marginal effect of 4.38. Fathers' educaiton, family income and students' academic performance have significantly positive effect of students' choice probalitiy of going to normal high school and accepting secondary vocational education, which is consistent with the previous literature.
文摘In this article,it discusses the di£ferences in economic development between urban and rural areas and regions in our country from the perspective of education investment and fixed asset investment.Based on the provincial data of 31 provinces from 1999 to 2017 released by National Bureau of Statistics,it expends the Cobb-Douglas model and Lucas model,and analyses the data with multiple linear regression models.From the study,it finds that compared with investment in fixed assets,investment in education has a larger role in promoting economic development,which is more obvious in the underdeveloped central and western regions and rural areas.However,at the same time it needs to note that the positive effects of education investment will be restricted by the economic structure and policy environment,and education expenditure policies should also be implemented in accordance with time and local conditions.
基金This paper is supported by the Macao Foundation's research project"An Empirical Study on the Training Standards for Innovative Talents in the Guangdong-Hong Kong-Macao Greater Bay Area"(MF2315)and the 2021 General Project of the 14th Five-Year Plan of Philosophy and Social Sciences of Guangdong Province of China(Number:GD21CJY08).
文摘Chinese education is like a large competitive game in the past time,with a lot of over-step learning and pre-emptive education increasing the extra—curricular pressure on primary and secondary school students day by day.In 2021,the national"double reduction"policy was implemented,and in 2022,the"Family Education Promotion Law of the People's Republic of China"was introduced.With the combined effect of"one government,one law",the status and role of family education have become more prominent,so it is of great practical significance to understand the education investment behavior of Chinese families.Therefore,this study is a case study of three students and their families from different schools in Weifang,Shandong Province in China.Through semi-structured interviews,this paper discusses the educational investment of well-off families after the implementation of the double reduction policy.The results show that art-related learning content dominates the education expenditure of well-off families after the implementation of the double-reducing policy,while cultural tutoring decreases.Becasue of(a)parents mainly want to cultivate their children's interests and hobbies or provide guidance for weak subjects;(b)the lack of understanding of the double reduction policy,leading to parents and students blindly follow the trend,increasing the pressure of students and parents'anxiety.This study focuses on the feelings of students and parents after the implementation of the double reduction policy,and attaches importance to the problems arising after the implementation of the policy.The findings are helpful to provide reference for future research on the educational investment of wealthy families after the implementation of the double reduction policy.
文摘In recent years, financial crises of higher education have become universal. The policy of cost-sharing by in- dividuals was tried out in many countries. However, empirical studies have shown that the policy has, to a certain de- gree, negative effects for the poor in accepting higher education costs. This paper points out it is the mismatch between tuition fees and the ability to pay that causes the problem. Using two dimensions of group and time to pay, a mode sys- tem, including seven modes for the individual to share the cost of higher education, was constructed. It is suggested that only three modes of pay-immediately have been carried out in China and they all have same shortcomings. To try new modes and exercise different modes synthetically will be meaningful for solving the questions that exist in the current policy.
文摘Educational investment is the material basis for developing intelligence and educational cause and also an important factor for the development of economic and society.This paper argues that educational investment is an important strategy to solve the problem of disadvantaged groups in our country,and hopes that through the analysis of the structure and the trend for educational investment in developed countries,and it can provide reference and valuable suggestions for our country.
文摘Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, the long-effect mechanism for investor education is not only a demand of China's securities market on its healthy development, but also an objective reality that China's investor education is necessary to confront with. For these reasons, it is necessary for China to deepen investor education, expand investor education platform, strengthen risk prevention, and take initiative to build up a multi-level investor education system, and ultimately establish and improve a long-effect mechanism for investor education, so as to ensure the stable, harmonious and order development of China's Securities market in futures.
文摘《Education at a Glance:OECD indicators》是OECD每年发布的关于各成员国3年前教育发展概况统计。通过对2010-2015年6年间OECD发布的《Education at a Glance:OECD indicators》报告中关于幼儿教育阶段经费投入状况的分析发现:OECD国家近年对幼儿教育的投入占GDP的比例平均0.6℅以上,占教育总体投入的8.5℅以上,并且教育投入正在向幼儿教育倾斜;政府是学前教育投入的绝对主体,并正在逐步通过多种方式降低家庭负担的比重;在保证一定数量的公办幼儿教育机构的基础上逐渐扩大对私立机构的投入和资助。OECD国家幼儿教育经费投入趋势对我国幼儿教育经费投入具有重要的参考价值。
基金funded by National Key Project (973) of Study on Interaction Mechanism of Environment and Genetic of Birth Defect in China(No.2007CB5119001)State Key Funds of Social Science Project(Research on Disability Prevention Measurement in China,No.09&ZD072)+2 种基金National Health Baby Promotion Program(No.FP2000NO13)Education Ministry Key Program(No.02185)National Yang Zi Scholar Program,211 and 985 projects of Peking University(No.20020903)
文摘Objective This study estimated the investment in child development from three aspects-public health, public education, and family investment to establish the level of investment, to provide reference information for government decision making and to provide international comparisons. Methods Public investment in health was measured with macro data related to public health spending and child development in government expenditure. Public education investment was based on basic education data. Family investment evaluation was based on per capita family consumer spending data in different age groups to estimate the input for child development. Results Both public health investment level and the proportion of GDP rose for all age groups over time, but the overall investment level was still insufficient. Public investment in children's education has increased year by year, but the trends in all age groups are unbalanced with much lower investment in early childhood education. Private investment in children has increased over the period, but has declined as a percentage of GDP. International comparisons show that China's investment in child development is much lower than OECD countries. Conclusion The private investment in child development was the main way in China, with public finance contributing only a small proportion. Given the poor international comparisons, the government needs to review the balance of public investment to redirect more towards the development of children under the age of six to their health and education.
文摘The COVID-19 outbreak left the world an island shrouded in repression,causing great losses to the world economy and blowing numerous investors in the financial market.However,at the same time,emerging online industries also bring them new investment opportunities.This article would analyze the operation condition and forecast the growth potential of three enterprises,Zoom Video Inc.,Shanghai Yaoji Technology Co.,Ltd,and 51Talk,which specialize in Online Entertainment,Online Education,and Office Online.Through analyzing operating profit growth rate and net profit growth rate of Zoom Video Inc.,classifying Shanghai Yaoji Technology Co.,Ltd in terms of ROIC and increase rate of main business revenue,and predicting stock returns of 51 talk using Baidu Index,short-term and long-term investment strategies can be provided.With the above evidence,it is proposed that Shanghai Yaoji Technology Co.,Ltd is worthy to invest in the short run,while Zoom Video Inc.and 51Talk have larger profitability in the long term.Besides,the future of those online industries is predicted.
文摘Using all Chinese firms listed on the stock exchanges during 2007-2012, we examined the influence of employees' heterogeneity characteristics on R&D investment. The empirical result showed that employees' educational level and R&D investment is a significant positive correlation. We also proved the number of technical employee has a positive effect on R&D.
基金the National Social Science Fund(09&ZD018,09&ZD019) for financial support
文摘In this paper, we emphasize the interactive effect between life expectancy and human capital accumulation, and test the positive feedback of longevity to educational investment in China. This is very important for understanding the pressure from the aging population and the increase in private educational investment in China. We first show in an extended human eapital investment model that life expectancy growth acts as a driving force for educational investment. We then build a difference-in-difference-in-differences empirieal framework and use cross-province data to examine the effect in China. We use the maternal mortality rate (MMR) to identify the difference in life expectancy between genders, and the illiteracy rate or average years of education by gender for educational investment. The empirical results comply with the theory, in that increases in life expectancy significantly lower illiteracy rates and improve the average schooling years in China. This content of the present paper is closely related to crucial issues like population aging, human capital accumulation and gender discrimination. Policy implications are discussed based on the empirical results.
文摘There is an evident bi-directional causality relationship between education investment and economic growth based on an analysis of statistics from 1952 to 2003 released by the State Statistics Bureau.A generalized difference regression model is set up to investigate the relationship between the two.Studies show that the rate of contribution of education investment to economic growth was 24.4 percent from 1952 to 2003.Further examination indicates that after the market-oriented economy restructuring,this rate increased by a wide margin of 7 percent,from 22.8 percent to 29.7 percent.