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Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization

Received: 29 May 2022     Accepted: 14 June 2022     Published: 27 June 2022
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Abstract

Under the fiscal decentralization system, China has implemented a central and provincial management system. Colleges and universities are divided into central and local colleges and universities. At present, local higher education is facing the dilemma of insufficient investment. The reasons are mainly reflected in three aspects: first, the inherent defects of China's fiscal decentralization system restrict the attention of local governments to the higher education needs of local residents; Second, the speed of local economic development can not keep up with the rapid development of the scale of local higher education, resulting in the lack of financial resources for local governments to invest in higher education;, The third is the game of local governments in the direction of financial investment under the fiscal decentralization system, which leads to the reluctance of local governments to invest funds in the field of higher education. We believe that in order to alleviate the plight of insufficient investment in local higher education, we should promote the decentralization reform of higher education investment system; The local government should establish a scientific view of political achievements, improve the understanding of the importance of higher education, and speed up the financial allocation to local colleges and universities; Mobilize non-public resources to invest in local higher education and broaden the financing channels of local colleges and universities.

Published in International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)
DOI 10.11648/j.ijafrm.20220702.16
Page(s) 71-76
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Fiscal Decentralization, Higher Education, Local Government

References
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[5] Luoweiqing Whether fiscal decentralization affects public education supply -- a study based on theoretical model and prefecture level panel data [j] Financial research 2010, 36 (11): 39-50.
[6] Huangpeihua, batasari, wusuping, et al China: National Development and local finance [m] Beijing: CITIC press, 2003.
[7] Liaokangli, wangyuqin, luoxianhui Calculation and policy influence of the income spillover effect of local higher education under the fiscal decentralization system [j] Education and economy 2016 (03): 37-44.
[8] Liaokangli, fujianru, wangyuqin Analysis of fiscal decentralization and insufficient investment in local higher education [j] Guangxi social sciences 2011 (01): 64-67.
[9] Ramusgraverichard, dengziji, dengliping Financial theory and practice [m] Beijing: China financial and Economic Publishing House, 2003.
[10] Wang Qing, jiangjunsheng Prudently promote the fiscal decentralization system [j] Social sciences 2006, 21 (1): 42-43.
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  • APA Style

    Liao Kangli. (2022). Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization. International Journal of Accounting, Finance and Risk Management, 7(2), 71-76. https://doi.org/10.11648/j.ijafrm.20220702.16

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    ACS Style

    Liao Kangli. Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization. Int. J. Account. Finance Risk Manag. 2022, 7(2), 71-76. doi: 10.11648/j.ijafrm.20220702.16

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    AMA Style

    Liao Kangli. Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization. Int J Account Finance Risk Manag. 2022;7(2):71-76. doi: 10.11648/j.ijafrm.20220702.16

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  • @article{10.11648/j.ijafrm.20220702.16,
      author = {Liao Kangli},
      title = {Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization},
      journal = {International Journal of Accounting, Finance and Risk Management},
      volume = {7},
      number = {2},
      pages = {71-76},
      doi = {10.11648/j.ijafrm.20220702.16},
      url = {https://doi.org/10.11648/j.ijafrm.20220702.16},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.16},
      abstract = {Under the fiscal decentralization system, China has implemented a central and provincial management system. Colleges and universities are divided into central and local colleges and universities. At present, local higher education is facing the dilemma of insufficient investment. The reasons are mainly reflected in three aspects: first, the inherent defects of China's fiscal decentralization system restrict the attention of local governments to the higher education needs of local residents; Second, the speed of local economic development can not keep up with the rapid development of the scale of local higher education, resulting in the lack of financial resources for local governments to invest in higher education;, The third is the game of local governments in the direction of financial investment under the fiscal decentralization system, which leads to the reluctance of local governments to invest funds in the field of higher education. We believe that in order to alleviate the plight of insufficient investment in local higher education, we should promote the decentralization reform of higher education investment system; The local government should establish a scientific view of political achievements, improve the understanding of the importance of higher education, and speed up the financial allocation to local colleges and universities; Mobilize non-public resources to invest in local higher education and broaden the financing channels of local colleges and universities.},
     year = {2022}
    }
    

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  • TY  - JOUR
    T1  - Dilemma and Countermeasures of Local Higher Education Investment in China Under Fiscal Decentralization
    AU  - Liao Kangli
    Y1  - 2022/06/27
    PY  - 2022
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    DO  - 10.11648/j.ijafrm.20220702.16
    T2  - International Journal of Accounting, Finance and Risk Management
    JF  - International Journal of Accounting, Finance and Risk Management
    JO  - International Journal of Accounting, Finance and Risk Management
    SP  - 71
    EP  - 76
    PB  - Science Publishing Group
    SN  - 2578-9376
    UR  - https://doi.org/10.11648/j.ijafrm.20220702.16
    AB  - Under the fiscal decentralization system, China has implemented a central and provincial management system. Colleges and universities are divided into central and local colleges and universities. At present, local higher education is facing the dilemma of insufficient investment. The reasons are mainly reflected in three aspects: first, the inherent defects of China's fiscal decentralization system restrict the attention of local governments to the higher education needs of local residents; Second, the speed of local economic development can not keep up with the rapid development of the scale of local higher education, resulting in the lack of financial resources for local governments to invest in higher education;, The third is the game of local governments in the direction of financial investment under the fiscal decentralization system, which leads to the reluctance of local governments to invest funds in the field of higher education. We believe that in order to alleviate the plight of insufficient investment in local higher education, we should promote the decentralization reform of higher education investment system; The local government should establish a scientific view of political achievements, improve the understanding of the importance of higher education, and speed up the financial allocation to local colleges and universities; Mobilize non-public resources to invest in local higher education and broaden the financing channels of local colleges and universities.
    VL  - 7
    IS  - 2
    ER  - 

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Author Information
  • Management College, Jiujiang University, Jiujiang City, China

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