@article{10.11648/j.ijdsa.20210702.13,
  author = {Liu Jiwei},
  title = {Statistical Analysis of the Influence of Financial Education Expenditure on Economic Growth in Shandong Province},
  journal = {International Journal of Data Science and Analysis},
  volume = {7},
  number = {2},
  pages = {39-50},
  doi = {10.11648/j.ijdsa.20210702.13},
  url = {https://doi.org/10.11648/j.ijdsa.20210702.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijdsa.20210702.13},
  abstract = {Education is a country’s livelihood plan. It provides manpower and technology for development. The role of education in promoting the economy has been recognized by most countries, and the mutual influence of education and economic growth will increase with the improvement of the country’s economic level. Obviously, the leading role of education in the economy has been valued by more countries. Shandong Province, being a big economic province is also a big province for college entrance examination, but there is still the problem of uneven distribution of economic resources. In order to make suggestions for the financial education expenditure in Shandong Province, it is of far-reaching significance to analyze the relationship between financial education expenditure and economic growth (gross regional product). Therefore, this article proposes two research questions. Question 1: Calculated on a per capita basis, is there a long-term equilibrium relationship among the four variables of fiscal education expenditure, scientific undertaking expenditure, total investment in fixed assets of the whole society, and gross regional product? To solve this problem, this article proposes two hypotheses. H0: There is no long-term equilibrium relationship between the four variables. H1: There is a long-term equilibrium relationship between the four variables. Question 2: On a per capita basis, what kind of work does fiscal education expenditure have on economic growth? To solve this problem, this paper proposes two hypotheses. H0: Fiscal education expenditures promote economic growth. H1: Financial education expenditure has a restraining effect on economic growth. In response to question 1, this paper uses Eivews to find a long-term equilibrium relationship between the four variables through the use of ADF test, E-G two-step method, and theoretical research. Aiming at problem 2, this paper uses Eviews software to establish an error correction model and finds that fiscal education expenditure has a promoting effect on economic growth, and for every increase of per capita fiscal education expenditure by one unit, the average per capita GDP increases by 6.688. And theoretical research also supports the results of data analysis. At the end of the article, policy recommendations for the development of financial education are put forward.},
 year = {2021}
}

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TY  - JOUR
T1  - Statistical Analysis of the Influence of Financial Education Expenditure on Economic Growth in Shandong Province
AU  - Liu Jiwei
Y1  - 2021/04/26
PY  - 2021
N1  - https://doi.org/10.11648/j.ijdsa.20210702.13
DO  - 10.11648/j.ijdsa.20210702.13
T2  - International Journal of Data Science and Analysis
JF  - International Journal of Data Science and Analysis
JO  - International Journal of Data Science and Analysis
SP  - 39
EP  - 50
PB  - Science Publishing Group
SN  - 2575-1891
UR  - https://doi.org/10.11648/j.ijdsa.20210702.13
AB  - Education is a country’s livelihood plan. It provides manpower and technology for development. The role of education in promoting the economy has been recognized by most countries, and the mutual influence of education and economic growth will increase with the improvement of the country’s economic level. Obviously, the leading role of education in the economy has been valued by more countries. Shandong Province, being a big economic province is also a big province for college entrance examination, but there is still the problem of uneven distribution of economic resources. In order to make suggestions for the financial education expenditure in Shandong Province, it is of far-reaching significance to analyze the relationship between financial education expenditure and economic growth (gross regional product). Therefore, this article proposes two research questions. Question 1: Calculated on a per capita basis, is there a long-term equilibrium relationship among the four variables of fiscal education expenditure, scientific undertaking expenditure, total investment in fixed assets of the whole society, and gross regional product? To solve this problem, this article proposes two hypotheses. H0: There is no long-term equilibrium relationship between the four variables. H1: There is a long-term equilibrium relationship between the four variables. Question 2: On a per capita basis, what kind of work does fiscal education expenditure have on economic growth? To solve this problem, this paper proposes two hypotheses. H0: Fiscal education expenditures promote economic growth. H1: Financial education expenditure has a restraining effect on economic growth. In response to question 1, this paper uses Eivews to find a long-term equilibrium relationship between the four variables through the use of ADF test, E-G two-step method, and theoretical research. Aiming at problem 2, this paper uses Eviews software to establish an error correction model and finds that fiscal education expenditure has a promoting effect on economic growth, and for every increase of per capita fiscal education expenditure by one unit, the average per capita GDP increases by 6.688. And theoretical research also supports the results of data analysis. At the end of the article, policy recommendations for the development of financial education are put forward.
VL  - 7
IS  - 2
ER  - 

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