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Indispensable force in national economic growth: An analysis of economic contribution of Chinese private higher education from the perspective of consumption

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Abstract:

The relationship between education and economic growth has been an eternal topic in educational research. With the gobalization of higher education, the privatization of higher education in China becomes more prevalent, particularly is this true in the process of educational massification. In this study, we will discuss the short-term effect of students’ consumption and infrastructure expenses in private institutions on national economic growth.
There are three dimensions that are the amount and composition of revenue and expenditure, the output increment of various industries related to higher education according to the multiplier effect, and contribution rate of infrastructure to GDP and proportion in higher education system.
We have three important findings as follow: (1) Students contribute to economic growth more than private institutions themselves for the absolutely percentage of tuition. In terms of expenditure, infrastructure expense was almost twice as much as that of national average level. (2) The direct expense per student such as catering, transportation and studying materials in 2007 was 12383 RMB, according to multipliers from National Bureau Statistics, the total output increment achieved 19.59 billion, in which catering, transportation, stationary and print industry account for 5.5 billion, 398 million, and 1.64 billion separately. (3) From 2003 to 2007 fixed assets in private institutions grew from 39.1 billion to 125.8 billion at the average speed of 24.93%. Correspondingly, the total social output increased from 57.22 billion to 62.73 billion, and the contribution rate to GDP ranged from 0.25% to 0.42%, however, the proportion in higher education system rose from 29.5% to 36.46%.
Overally speaking, private higher education plays some positive but limited role in short-term economic growth. . On one hand, it depends on that the multiplier effect of higher education department that is lower than average level; on the other hand private higher education has some potential to contribute to economic growth.
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Name: 55th Annual Conference of the Comparative and International Education Society
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URL: http://citation.allacademic.com/meta/p492856_index.html
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MLA Citation:

Qu, Xiaoxiao. "Indispensable force in national economic growth: An analysis of economic contribution of Chinese private higher education from the perspective of consumption" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada, Apr 30, 2011 <Not Available>. 2014-11-26 <http://citation.allacademic.com/meta/p492856_index.html>

APA Citation:

Qu, X. , 2011-04-30 "Indispensable force in national economic growth: An analysis of economic contribution of Chinese private higher education from the perspective of consumption" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada <Not Available>. 2014-11-26 from http://citation.allacademic.com/meta/p492856_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: The relationship between education and economic growth has been an eternal topic in educational research. With the gobalization of higher education, the privatization of higher education in China becomes more prevalent, particularly is this true in the process of educational massification. In this study, we will discuss the short-term effect of students’ consumption and infrastructure expenses in private institutions on national economic growth.
There are three dimensions that are the amount and composition of revenue and expenditure, the output increment of various industries related to higher education according to the multiplier effect, and contribution rate of infrastructure to GDP and proportion in higher education system.
We have three important findings as follow: (1) Students contribute to economic growth more than private institutions themselves for the absolutely percentage of tuition. In terms of expenditure, infrastructure expense was almost twice as much as that of national average level. (2) The direct expense per student such as catering, transportation and studying materials in 2007 was 12383 RMB, according to multipliers from National Bureau Statistics, the total output increment achieved 19.59 billion, in which catering, transportation, stationary and print industry account for 5.5 billion, 398 million, and 1.64 billion separately. (3) From 2003 to 2007 fixed assets in private institutions grew from 39.1 billion to 125.8 billion at the average speed of 24.93%. Correspondingly, the total social output increased from 57.22 billion to 62.73 billion, and the contribution rate to GDP ranged from 0.25% to 0.42%, however, the proportion in higher education system rose from 29.5% to 36.46%.
Overally speaking, private higher education plays some positive but limited role in short-term economic growth. . On one hand, it depends on that the multiplier effect of higher education department that is lower than average level; on the other hand private higher education has some potential to contribute to economic growth.


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