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Volume 34 Issue 3
Aug.  2020
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Article Navigation >  Accounting and Economic Research  > 2020  >  34(3): 96-113
Jiang Yucheng, Jia Tingyue. 2020. Public Education Expenditure Structure, Human Capital and Regional Industrial Labor Productivity. Accounting and Economic Research, 34(3): 96-113.
Citation: Jiang Yucheng, Jia Tingyue. 2020. Public Education Expenditure Structure, Human Capital and Regional Industrial Labor Productivity. Accounting and Economic Research, 34(3): 96-113.
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Public Education Expenditure Structure, Human Capital and Regional Industrial Labor Productivity

  • 1.

    Graduate School, Shanghai Academy of Social Sciences, Shanghai 200235, China

  • 2.

    Institute of Applied Economics, Shanghai Academyof Social Sciences, Shanghai 200020, China

  • Received Date: 2020-03-01
  • Publish Date: 2020-05-25
    Abstract
  • This paper uses panel data of 30 provinces except Tibet from 2006 to 2015 to test the economic effect of public education expenditure structure on industrial labor productivity, and identifies the influence channels of various public education expenditure from the perspective of human capital accumulation. The result shows that the growth effect of compulsory education expenditure on the whole industry is mainly manifested as a direct impact, but the positive impact is weakened on capital intensive industry as the human capital level improves. The secondary education mainly drives the growth of the whole industry through the intermediary effect of human capital. The influence channel of higher education expenditure lies in both the intermediary effect and the adjustment effect of human capital on the whole industry. However, these two effects are opposite, and the final manifestation is the uncertainty of the impact on industrial labor productivity. This paper suggests that we should improve the quality of higher education investment, and the efficiency of higher education expenditure to promote the great development of Chinese industry, and avoid the industrial hollowing out caused by industrial upgrading.

     

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