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中文2965字
本科毕业论文（设计）
外文翻译
原文：
AnAnalysisoftheRisingCostofEducationinAustralia
(extract)
Abstract
Humancapital,orabettereducatedlabourforce,isamajordeterminantofeconomicgrowthandproductivity.However,recenttrendsinthecostofeducationinAustraliamaycausegrowthandproductivitytosuffer.Forexample,duringtheperiod1982-2003inflationroseonaverageby4.4percentperannum,whereasthecostofeducationgrewoverallonaverageby7.8percent.ThishasmadeeducationarelativelyexpensiveitemamongAustralianhouseholds.ThispapercomparesandcontraststhecostofeducationinAustraliaandcomparableeconomieswiththecostofothergoodsandservicesembeddedintheCPI(ConsumerPriceIndex)basketusingthelatestavailablequarterlydata.Finally,themajordeterminantsoftherisingcostofeducationinAustraliaareexamined.Itisfound,interalia,thatovertheperiod1986-2003theincreasingnumberofstudentsenrolledatnon-governmentalprimaryandsecondaryschoolsandtheintroductionoftheHigherEducationContributionScheme(HECS)weremajorinfluencesontherisingcostofeducation,explainingsome98percentofvariationinthecostofeducationinAustraliaovertime.
1.Introduction
Thereisaconsensusamongeconomiststhathumancapitalplaysasubstantialroleinachievinghighereconomicgrowthandincreasedlabourproductivity.Newgrowththeoriesidentifythechannelsthroughwhicheconomicgrowthoccursandhowreformprocessescanstimulatetherateofinvestmentinphysicalcapital,humancapital,technologicalknow-howandknowledgecapital.Togetherthesefactorsexertasustainedandpositiveeffectonthelong-rungrowthoftheeconomy(Rebelo,1991).Forinstance,intheirseminalworkBarro(1991)andBarroandLee(1994)echoedtheimportanceofhumancapital(orabettereducatedlabourforce)asamajordeterminantofeconomicgrowthandproductivity.Morerecently,Valadkhani(2003)found,
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