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Research on the relationship between investment in preschool education and economic growth in Chongqing

 and    | Aug 30, 2023

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This paper uses cointegration test and vector error correction model to study the impact of preschool education investment in Chongqing on GDP from two aspects: long-term equilibrium and short-term dynamics. The results show that although the two series are non-stationary from 1997 to 2019, there is a long-term stable equilibrium relationship, as well as a twoway causal relationship, between them. The long-term elasticity of Chongqing’s preschool education investment to the city’s GDP is 0.515, and the short-term elasticity is -0.035. The impulse response function explains the dynamic impact of a shock on Chongqing’s preschool education investment, as well as on the long-term and short-term relationship between the two.

eISSN:
2444-8656
Language:
English
Publication timeframe:
1 time per year
Journal Subjects:
Life Sciences, other, Mathematics, Applied Mathematics, General Mathematics, Physics