Abstract Using the acquired skill model for reference, the authors studied the way of education investment affecting economic growth indirectly through affecting foreign trade development, and reviewed emphatically the combined influence of the two on economic growth. By using the panel data of 31 provinces and cities from 2004～2009, the authors made an empirical analysis. The findings show that investment in education has a negative marginal effect on economic growth, and the combined effect of education investment and export trade on economic growth is obviously positive. It can be seen that the direct influence of education investment on economic growth is far less than its indirect influence on economic growth by promoting the development of foreign trade.
2012, Vol. 
