Impact of Educational Expenditure on the Development of Regional Marine Economy: Evidence from Chinese Coastal Provinces
- 1 College of Economics, Jinan University, Guangzhou, China
Abstract
Marine economy is an important growth stage of Chinese economic development in the 21st century. The Chinese marine economy has become a technology and capital-intensive economy from extensive past development of economy. The human capital factor has become an indispensable and important driving force for the domestic marine economy. Different with the existing literature on human capital elements, which is focused on the study of the average level of education represented by the stock of human capital, this article uses the per capita education expenditure within the region to measure human capital increment, explain the coastal marine economic development momentum. At the same time, the author analyzes the correctness of this interpretation and analysis from the data of 11 coastal provinces and autonomous regions in China from 2006 to 2014. Based on this, some feasible policy suggestions would be put forward.
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