Research on the Long - Term Equilibrium of Consumer Finance Development and Fiscal Expenditure of Education

Abstract

With transformation of the national economic and improvement of the economic conditions of the residents, consumer finance has gradually become the emerging products under the boom of "Internet +", and it is closely related to the national economy, education, science and technology development. This paper explores whether there is a long-term equilibrium between the development of consumer finance and the national education, and selects the time series of 2006-2016. The results show that the development of consumer finance has a positive impact on the fiscal expenditure of education, and the effect is significant. According to the conclusion of the study, this paper puts forward some suggestions to promote the development of consumer finance, so as to promote the improvement of the overall education level of the country.