Abstract:
With Socialism with Chinese characteristics entering a new era, the “winwin” focus on the quantity and quality of growth has become the inherent requirement of sustainable economic development, which also highlights the importance of education in the promotion of human capital. Based on a simultaneous equation model, is paper analyzes the impact of educational consumption structure on the quantity and quality of China’s economic growth and its regional and phase differences from the perspective of private and government, education, and examines the adjustment effect of the income distribution factors. The empirical results show that there are obvious regional and stage differences in the quantity and quality of economic growth between government and private education consumption, and the expansion of the income gap will further weaken the impact of private education consumption on economic growth. According to relevant conclusions, this paper puts forward corresponding policy recommendations for the reform of education in China and the long-term development of the economy.