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…

The global landscape of higher education is an uneven field where players like nation-states are placed in hierarchical and centre-periphery relations. This paper focuses on the global field of international student mobility (ISM) and investigates China's place in the field using an analytical framework consisting of three key categories of…

The question of whether economic globalization promotes or depresses governments' education spending has attracted social scientists' attention for decades. Existing literature presents an interesting contrast between two theoretical scenarios, namely race to the top and race to the bottom. This paper attempts to adapt the debate to the…

The purpose of this paper is to explore the relationship between the percentage of expenditure on public education of a country and the effect that each percentage mark has on the economic growth, and therefore Gross Domestic Product (GDP) of a country. The goal of this paper is to explore how investment in education impacts the economic growth of…

The Committee for Economic Development (CED) has a decades-old commitment to quality early childhood education. CED Trustees have always been in the forefront of the effort to promote early learning and development for all children. Over recent years, the case for investment in the early years of childhood has become stronger and more urgent.…

Lacking guidance of general equilibrium (GE) theories in public economics and the corresponding proper mechanisms, China has not surprisingly witnessed an inequality in educational expenditures across regions as well as insufficiency of funds for education in poor areas. It is wrongly thought that what happens is due to the decentralized financing…

During the period from 1949 to 1984, industry's share in the national economy of the Peoples' Republic of China rose from 30 percent to 60 percent. Despite raising literacy over the same period from 20 percent to over 75 percent, the Chinese educational system has failed to keep pace with the economy's rapidly expanding need for trained…