For a long time, economists and policymaker have argument relationship between higher education and economic growth (especially in long-term economic growth) In the face of the epidemic and financial shortages, some researchers have increased their interest in the rational use of limited resources to drive economic growth. The purpose of this paper is to examine the relationship among higher education investment, education acquisition, and growth rate. The fundamental determinants of growth theory for economic growth are human capital and labor. With the development of theoretical and empirical research in growth, a variety of viewpoints and controversies have been generated, and there are multiple development directions (Hanushek, E. A, 2016). The test results show that higher education expenditure indicators are factors that continue to affect economic growth fluctuations, both in the short-term and in the long-term, and have made contributions that cannot be ignored. Higher education has brought huge returns to personal income and reduced unemployment. The educational investment will not directly lead to economic growth but will ultimately affect growth through human capital accumulation and STEM technology innovation. The impact process is a dynamic, self-reinforcing, and circular process. Higher education investment is an essential source of human capital, and the positive effect of human capital on economic growth can only be seen for a long time. Therefore, investment in higher education requires a long-term vision and a quick and quick mindset.

Authors:
Xianhua Luo, Delaware State University, United States

About the Presenter(s)
Dr. Xianhua Luo is a doctorate student, and as an admin supervisor/mentor of the Division of Strategic Enrollment Management at DSU. His research embraces economic of HE's investment, emphasizing on the investment affection of HE's decisions.

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https://www.linkedin.com/in/xianhua-luo-9852a71b3

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https://www.researchgate.net/profile/Xianhua-Luo-3

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