Author

  • Tam Bang Vu

    • College of Business and Economics, University of Hawaii-Hilo, Hilo, Hawaii, USA
    • United States

  • Eric Iksoon Im

    • College of Business and Economics, University of Hawaii-Hilo, Hilo, Hawaii, USA
    • United States

Abstract

This paper investigates the different impacts of vocational schools and universities on regional development in China. To account for a possible two-way causality between education and economic development, a system of supply and demand equations is introduced. The results show that vocational education has higher impact on regional development than university education in China. Concerning the reverse causality, the paper finds that effect of regional development on university education is higher than its effect on vocational school education.

Keywords

References

  • Arellano, M. & Bond, S. (1991). Some Test of Specification for Panel Data: Monte Carlo Evidence and an Application for Employment Equations. The Review of Economic Studies, 58 (2), 277-297.
  • Banerji, A., Cunningham, W., Fiszbein, A., King E., Patrinos H., Robalino, D. & Tan J. (2010). Stepping up Skills for More Jobs and Higher Productivity. World Bank Web Site, www.worldbank.org/humandevelopment/skillsforjobs.
  • Bils, M. & Klenow, J. P. (2000). Does Schooling Cause Growth? American Economic Review , 90, 1160-1183.
  • Blundell, R. & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87, 11–143.
  • Bond, S. (2002). Dynamic panel data models: A guide to micro data methods and practice. CEMMAP working paper; CWP09/, 02.
  • Caselli, F., Esquivel, G. & Lefort, F. (1996). Reopening the convergence debate: a new look at cross-country empirics. Journal of Economic Growth 1, 363-389.
  • Chen, B. & Feng, Y. (2000). Determinant of Economic Growth in China: Private Enterprise, Education, and Openness. China Economic Review, 11(1), 1-15.
  • Demuger, S. (2001). Infrastructure and Economic Growth: an Explanation for Regional Disparities in China. Journal of Comparative Economics, 29, 95-117.
  • Fleisher, B., Hu, Y. & Haizheng, L. (2006). Economic Transition, Higher Education, and Worker Productivity in China. Working paper (submitted), Department of Economic, Ohio State University.
  • Hojo, M. (2003). An in direct effect of education on growth. Economics Letters , 80, 31-34.
  • Hua, P. (2006). How education influences productivity growth? Evidence from the Chinese provinces. Working paper, CERDI-INDIRECT, CNRS-University d' Auvergne, 1-34.
  • Kumar, K. B. (2003). Education and Technology Adoption in a Small Open Economy: Theory and Evidence. Macroeconomic Dynamics, 7( 4), 586-617.
  • Islam, N. (1995). Growth empirics: a panel data approach. Quarterly Journal of Economics , 110, 11271170.
  • Jakubowski, M., Patrinos, H., Porta, E. & Wisniewski, J. (2010). The impact of the 1999 education reform in Poland. World Bank Policy Research Working Paper, WPS 5263, 1-29.
  • Kennedy, P. (2006). A guide to econometrics , 6th edition. MIT Press, Cambridge, MA.
  • Masson, J. R. (2009). Vocational education and training and higher education in the transition countries. European journal of vocational training , 46, 89-113.
  • Vu, T. B. (2009). The Simultaneity in Human Capital Estimations: The Case of China. Chinese Business Review , 8, 25-53.
  • Vu, T. B. & Hammes, D. (2007). Education and Productivity: A Three Stage Least Squares Estimation. The 10th International Conference for Business and Development , Kyoto, Japan, conference proceedings, 1023-1048.

Downloads

No downloads have been recorded for this article yet. Figures appear here once readers begin downloading the full text.

How to Cite

Vu, T. B., & Im, E. I. (2011). Vocational Schools and Regional Development in China. Journal of Economics and Behavioral Studies, 3(6), 363-369. https://doi.org/10.22610/jebs.v3i6.292

Share this article

License

Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of revised paper in the light of suggestions of the reviewers, the editorial team  edits and formats manuscripts to bring uniformity and standardization in published material.

This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy author (s) hold and retain copyrights without any restrictions.

Keywords

Section

Research Paper

Published in

Vol. 3 No. 6 (2011) Volatility, Behaviour & Economic Modelling View issue contents

Published

2011-12-15

Submissions

Have research to publish? Journal of Economics and Behavioral Studies welcomes submissions.

Make a Submission