Much of the university spin-offs (USOs) literature either focuses on the influence of parent universities or the external environments on enterprise performance in economies with one aspect almost always neglected, that is, the role of USOs' corporate governance. In this study, we examine the effects of USOs' corporate governance structure which…

There is a difference between the ways investment in general and advanced education affects human capital accumulation. Based on the endogenous economic growth model, this study considered the impact of hierarchical education investment on human capital accumulation and economic growth. Using Provincial Panel Data, the empirical analysis found…

This paper studies how students' financial literacy affects their perceptions of returns to schooling and consequently their schooling decisions. We first propose a model of human capital accumulation where financially illiterate students exhibit a cognitive bias of "ironing heuristic." With this decision heuristic, students tend to…

China's expansion in higher education has also given rise to developing university towns in sub-cities to deal with increasing enrollments and contribute to broader socio-economic development. Taking Xiasha University Town in Hangzhou as a case study, this paper adopts a tripartite framework of teaching, research, and service to investigate the…

The Higher Education Expansion (HEE) policy implemented by the Chinese government in 1999 provides an exceptional opportunity to study the impact of university and college education (graduates) on entrepreneurship in China using an econometric approach. The study applied secondary data from the National Bureau of Statistics of China (NBS) to…

Shadow education helps students become academically competitive. Currently, little is known about whether shadow education can effectively fulfill either remedial or enrichment purposes in China. Using the nationally representative data from the China Education Panel Survey (CEPS) collected in 2013 and 2014, this paper explored the opportunity gap…

This article presents an explanation to the paradox of why increased household incomes in rural areas in China are accompanied by decreased motivation for consumption. The empirical analysis shows a reduction in rural residents' consumer spending with the exception of spending on medical treatment and education. This effect is stronger in poor…

The outflow of college graduates will damage the accumulation of regional human capital and affect regional economic and social development. This article uses the administrative data of the employment monitoring system for college graduates in a province in central China in 2018 and establishes a multivariate logit model based on the Todaro model,…