An Empirical Analysis of China-s Higher Education Financial Output
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Abstract
In order to calculate China-s higher education finance output reasonably and assess its impact on the growth of China-s economy, this paper extracted the total output (Y1) and revenue output (Y2) from the index system of higher education financial output, by using the principal component analysis method, and obtained a comprehensive evaluation model of China-s higher education financial output; On the basis of the above research, we studied the relationship between economic growth and aggregate output, total output and revenue output; finding that there are significant positive correlations between them, thus came to a conclusion that China-s higher education financial output has a very important promoting role in the development of Chinese economy.
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