Investing in Education Boosts Economic Growth in the Long Run.
The article explores how investing in education and human capital affects economic growth in China. By analyzing data from 1980 to 2007, the researchers found that increasing education spending and human capital leads to improved economic growth in the long term. While physical capital has a more immediate impact on economic growth, human capital becomes a major factor in driving economic development over time. This suggests that investing in education and human capital is crucial for long-term economic growth in China.