Economic Dynamics Analysis of Higher Education Development

Nowadays, with the national education double reduction policy and the epidemic in China, higher education is currently showing signs of better health and green financing. This research aimed to investigate the factors that can influence higher education. For the research, data from 31 provinces in China between 2019 and 2021 were studied using a quantitative analytical method, and a linear regression equation was developed. Higher education development was found to be unaffected by economic indicators such as the Gross Domestic Product (GDP) and the high school system; however, it was significantly and positively affected by tertiary industry workforces and the number of college faculty, and significantly and negatively affected by fiscal finance expenditure. It was implied that there was a connection between the development of the higher education system and economic growth, the centralization between the national government and local provinces, and the correlation between different departments. This highlighted the significance of higher education and assisted more families and students in meeting their educational goals during the epidemic.