THE RELATIONSHIP BEETWEEN RATE OF STUDENTS ABROAD AND RATE OF GDP/CAPITA GROWTH IN UNITED STATES AND CHINA

Open Access
Author:
Chen, Ting
Area of Honors:
Economics
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Russell Cooper, Thesis Supervisor
  • Russell Paul Chuderewicz, Honors Advisor
Keywords:
  • rate of GDP/Capita
  • rate of student study abroad
  • United States
  • China
Abstract:
After 2000s, China and the United States have experienced the significant growth in the GDP per capita. During this period, millions of Chinese and US students have chosen to study in different countries to obtain higher education. This has led to the improvement of the human capital of each country, which then effected the GDP growth. This paper uses data from 2000 to 2014. Within these 15 years, the rate of number of US students study abroad generally kept increasing in the same direction of GDP per capita. In contrast, the rate of student studying abroad and GDP/Capita in China much less correlates to each other. The purpose of the study is to explain the relationship between the rate of students overseas and rate of GDP/capita Growth in the United States and China.