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Public education expenditure and corporate human capital: Evidence from China

Author

Listed:
  • Li, Yong
  • Zhao, Xinmeng
  • Wang, Bo

Abstract

The coordinated development of public education spending, human capital accumulation, and economic growth is a prerequisite for the virtuous cycle of regional economic development. The research results indicate that provincial-level public education expenditure has a positive impact on corporate human capital expenditure, and this impact is more pronounced in the western regions and non-state-owned enterprises. Based on this, the Chinese government should establish a long-term mechanism to ensure a certain level of public education investment in the future.

Suggested Citation

  • Li, Yong & Zhao, Xinmeng & Wang, Bo, 2024. "Public education expenditure and corporate human capital: Evidence from China," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012989
    DOI: 10.1016/j.frl.2023.104926
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    References listed on IDEAS

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    4. Blankenau, William F. & Simpson, Nicole B., 2004. "Public education expenditures and growth," Journal of Development Economics, Elsevier, vol. 73(2), pages 583-605, April.
    5. Nguyen, Hieu Quang, 2023. "Corruption, political connection, and firm investments," International Review of Financial Analysis, Elsevier, vol. 90(C).
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