Analysis on Influence of Stock of Education Capital and Fixed Assets on GDP Based on Three Types of Regression Model
Zu-Chang Zhong 1  
Shi-Hua Luo 1
Xue-Ying Chen 1
Yi-Lin Wei 1
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Guangdong University of Foreign Studies, CHINA
Hwa Hsia University of Technology, TAIWAN
Zu-Chang Zhong   

School of Business, Guangdong University of Foreign Studies, China. Address to No. 2 North Baiyuan Avenue, Baiyun District Guangzhou, China. Tel: +286-20-36207878
Online publish date: 2017-08-23
Publish date: 2017-08-23
EURASIA J. Math., Sci Tech. Ed 2017;13(8):5921–5926
The investment of education capital and fixed assets play an important role in the economic growth of one country, while traditional regression analysis may underestimate or overestimate the contribution of the investment of education capital and fixed assets on economic growth. In this paper, simple regression, bivariate regression and quantile regression methods are adopted to analyze the relation between the stock of fixed assets and education capital and gross domestic product (GDP). It is shown by research result that: the stock of fixed assets and education capital obviously impacts GDP, and the impact effect of the stock of education capital is larger than that of stock of fixed assets. It can be found through quantile regression that if linear regression is adopted to estimate the impact of the stock of education capital and fixed assets on GDP, the research may be anamorphic.
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