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Leveraging higher education for economic development

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  • Chen, Lingyu
  • Dong, Xiaoxue

Abstract

This study utilizes the Cobb–Douglas production function and a comprehensive index method to assess the contribution of higher education (HE) to China's economic development from 2008 to 2018. Findings reveal significant “V-shaped” and “√-shaped” regional discrepancies in contribution rates across western, central, and eastern China. Cities such as Beijing, Shanghai, and Tianjin contribute more, whereas other regions lag behind. To enhance contributions, China must optimize HE structures, develop a modern lifelong education system, and implement tailored strategies that address regional needs and promote balanced educational growth across the provinces.

Suggested Citation

  • Chen, Lingyu & Dong, Xiaoxue, 2025. "Leveraging higher education for economic development," Finance Research Letters, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004301
    DOI: 10.1016/j.frl.2025.107167
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