Economic Growth and Education Level in China

Relationship Between Economic Growth and Education Level in China

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Introduction
Research show that there a correlation between economic growth and education. However, economists indicate that investments in education systems have no significant economic benefits. This is an important factor particularly for government and corporate decisions on investments. In decision-making, there is adequate evidence that the rate of return is greater even rather to other investment opportunities. Nonetheless, the relationship between economic growth and education are very particular. Various experts have attempted to demonstrate the relationship between economic growth and education level. Vast technical evidence on this matter can be classified as micro and macroeconomics. In terms of microeconomics, the relationship is regarded in terms of estimating an individual’s educational level with their earnings. According to (Xiao,2007) there are constant results of individual earnings from education level. At a personal level, this means that the more an individual is educated their higher their earnings about 10 percent – a remarkable return. With respect to macroeconomics, the association is concerned with various measures of aggregate educational level for a given nation and a measure of economic growth. This paper reviews the relationship between economic growth and education level in China.

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By admin in Essays on February 11, 2017