RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China
China's domestic labor market has limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution to economic performance over the past decade. This study estimates the asymmetric effects of higher education progress (highly educated employed workforce)...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-08-01
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| Series: | Frontiers in Psychology |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.959026/full |
| _version_ | 1797248543954567168 |
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| author | Di Qi Arshad Ali Arshad Ali Tao Li Yuan-Chun Chen Jiachao Tan |
| author_facet | Di Qi Arshad Ali Arshad Ali Tao Li Yuan-Chun Chen Jiachao Tan |
| author_sort | Di Qi |
| collection | DOAJ |
| description | China's domestic labor market has limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution to economic performance over the past decade. This study estimates the asymmetric effects of higher education progress (highly educated employed workforce), higher education utilization (highly educated unemployed workforce), and the separate effects of higher education utilization interactions with high-tech industries on economic growth in China from 1980 to 2020. Using a Nonlinear Autoregressive Distributed Lag (NARDL) model, this study finds that the expansion of higher education progress (the employed workforce with higher education) promotes economic growth, while contraction of higher education progress (employed workforce with higher education) reduces economic growth. Likewise, an increase in higher education utilization (the unemployed labor force with higher education) suppresses economic growth, while a decline in the higher education utilization (the unemployed labor force with higher education) promotes economic growth. The study also found that the expansion of high-tech industries and government spending on education significantly stimulate economic growth. The moderating role of higher education utilization (unemployed labor force with higher education) in the impact of high-tech industries on economic growth is significantly positive. This study strategically proposes that China's higher-educated unemployed labor force can be adjusted to high-tech industries, which need to be developed equally in all regions. Moreover, the country is required to invest more in higher education and the development of high technological industries across all regions, thus may lead to higher economic growth. |
| first_indexed | 2024-03-09T00:01:59Z |
| format | Article |
| id | doaj.art-57c13add717d4891b4e41921f02368bb |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-24T20:16:16Z |
| publishDate | 2022-08-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-57c13add717d4891b4e41921f02368bb2024-03-22T16:19:18ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-08-011310.3389/fpsyg.2022.959026959026RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of ChinaDi Qi0Arshad Ali1Arshad Ali2Tao Li3Yuan-Chun Chen4Jiachao Tan5Institute of Quality Development Strategy, Wuhan University, Wuhan, ChinaDepartment of Economics and Finance, Greenwich University, Karachi, PakistanSchool of Economics, Northeast Agricultural University (NEAU), Harbin, ChinaSchool of Foreign Languages and Preschool Education, Beijing Institute of Economics and Management, Beijing, ChinaBusiness School, Zhengzhou University of Industrial Technology, Zhengzhou, ChinaThe School of Marxism, Central China Normal University, Wuhan, ChinaChina's domestic labor market has limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution to economic performance over the past decade. This study estimates the asymmetric effects of higher education progress (highly educated employed workforce), higher education utilization (highly educated unemployed workforce), and the separate effects of higher education utilization interactions with high-tech industries on economic growth in China from 1980 to 2020. Using a Nonlinear Autoregressive Distributed Lag (NARDL) model, this study finds that the expansion of higher education progress (the employed workforce with higher education) promotes economic growth, while contraction of higher education progress (employed workforce with higher education) reduces economic growth. Likewise, an increase in higher education utilization (the unemployed labor force with higher education) suppresses economic growth, while a decline in the higher education utilization (the unemployed labor force with higher education) promotes economic growth. The study also found that the expansion of high-tech industries and government spending on education significantly stimulate economic growth. The moderating role of higher education utilization (unemployed labor force with higher education) in the impact of high-tech industries on economic growth is significantly positive. This study strategically proposes that China's higher-educated unemployed labor force can be adjusted to high-tech industries, which need to be developed equally in all regions. Moreover, the country is required to invest more in higher education and the development of high technological industries across all regions, thus may lead to higher economic growth.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.959026/fullhigher education progresshigher education utilizationhigh-tech industrieseconomic growthChina |
| spellingShingle | Di Qi Arshad Ali Arshad Ali Tao Li Yuan-Chun Chen Jiachao Tan RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China Frontiers in Psychology higher education progress higher education utilization high-tech industries economic growth China |
| title | RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China |
| title_full | RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China |
| title_fullStr | RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China |
| title_full_unstemmed | RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China |
| title_short | RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China |
| title_sort | retracted an empirical analysis of the impact of higher education on economic growth the case of china |
| topic | higher education progress higher education utilization high-tech industries economic growth China |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.959026/full |
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