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citation_title=World Development Report (2003)
World Development Report 2003
D. N. Gujarati (2000)
Basic Econometrics
Finance department of Ministry of Education P. R. China (2005)
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citation_title=World Development Report (2001)
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citation_title=World Education Report (2000)
World Education Report 2000
Shen M (2002)
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X. J. Liang (1992)
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Z. Zhang (1988)
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citation_title=Human Development Report (2004)
Human Development Report 2004
Chen X H (2004)
. Adjusting the proportion of fiscal revenue to GDP reasonably. Forum of Jiangsu Business
Ding X H Yue C J (2003)
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citation_title=EFA Global Monitoring Report (2004)
EFA Global Monitoring Report 2003/2004: Gender and Education for All: The Leap to Equality
citation_title=Summary of China Statistics (2004)
Summary of China Statistics 2004
Based on cross-section data worldwide and time series data in China, the essay is intended to make an analysis of the factors which have impacts on the ratio of public investment in education by using econometric models and then the future ratio may be predicted. Conclusions are as follows. First, the proportion of fiscal revenue to GDP (gross domestic products) is the most significant variable to predict the variance in the ratio of public investment in education in China. Second, experience in middle-income countries should be given top priority when international comparison is made. Third, the ratio of public investment in education in China will be close to 4% in 2010, and reach 4.4%–4.5% in 2020.
Frontiers of Education in China – Brill
Published: Jan 1, 2007
Keywords: the ratio of public investment in education; gross domestic products (GDP); gross national income (GNI); fiscal revenue; public expenditure on education
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