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
,  
 
 
More details
Hide details
1
Guangdong University of Foreign Studies, CHINA
2
Hwa Hsia University of Technology, TAIWAN
CORRESPONDING AUTHOR
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
KEYWORDS
ABSTRACT
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.
 
REFERENCES (10)
1.
Fleisher, B., Li, H. Z., & Zhao, M. Q. (2010). Human capital, economic growth, and regional inequality in China. Journal of development economics, 92(2), 215-231. doi:10.1016/j.jdeveco.2009.01.010.
 
2.
Fu, C. (2007). The Association between Intellectual Capital and Corporate Performance -An Empirical Analysis on Quantile Regression. Journal of Shanxi Finance and Economics University, 29(5), 72-78. doi:10.3969/j.issn.1007-9556.2007.05.013.
 
3.
Glewwe, P., & Jacoby, H. (2004). Economic growth and the demand for education: is there a wealth effect? Journal of Development Economics, 74(1), 33-51. doi:10.1016/j.jdeveco.2003.12.003.
 
4.
Ilegbinosa, I. A., Micheal, A., & Watson. S. I. (2015). Domestic Investment and Economic Growth in Nigeria from 1970-2013: An Econometric Analysis. Canadian Social Science, 11(6). doi:10.3968/7009.
 
5.
Liu, J. (2012). Analysis on Influence on Education Capital Investment on Economic Development in Taiwan. Theory Research, 28, 50-52. doi:10.7666/d.y1938477.
 
6.
Liu, S. (2008). Effect of Education and Experience on Income of Chinese Residents - An Empirical Research Based on Quantile Regression and Censored Quantile Regression. The Journal of Quantitative & Technical Economics, 25(4), 75-85. doi:10.3969/j.issn.1000-3894.2008.04.007.
 
7.
Ljungberg, J., & Nilsson, A. (2009). Human capital and economic growth: Sweden 1870–2000. Cliometrica, 3(1), 71-95. doi:10.1007/s11698-008-0027-7.
 
8.
Podrecca, E., & Carmeci, G. (2001). Fixed investment and economic growth: new results on causality. Applied Economics, 33(2), 177-182. doi:10.1080/00036840150209192.
 
9.
Soukiazis, E., & Antunes, M. (2012). Foreign trade, human capital and economic growth: An empirical approach for the European Union countries. Journal of International Trade & Economic Development, 21(1), 3-24. doi:10.1080/09638199.2012.643013.
 
10.
Sun, X. (2010). Analysis on Education Capital Transformation of Surplus Labor in Rural Area - Based on Multiple Linear Regression Analysis of Questionnaires for Some Peasant Households in Shanxi Province. Journal of Management, 23(1), 75-77. doi:10.3969/j.issn.1674-6511.2010.01.017.
 
eISSN:1305-8223
ISSN:1305-8215