The Impact of Cutting Education Expenditures: The Case of Mexico in the 1980s

2011 ◽  
Author(s):  
Francisco Perez-Arce
Keyword(s):  
Education Expenditures ◽  
The Impact

scholarly journals The impact of education expenditures on economic growth: empirical estimation

2020 ◽  
Vol 3 (91) ◽  
pp. 96-122
Author(s):  
Viktoriia Chekina ◽  
◽  
Olena Olena A. Vorhach ◽  
Keyword(s):  
Economic Growth ◽  
Empirical Estimation ◽  
Education Expenditures ◽  
The Impact

scholarly journals Impact of Public Education Expenditures on Economic Wellbeing in Developing Economies

2020 ◽  
Vol 6 (1) ◽  
pp. 122-139
Author(s):  
Faiz ur Rahim ◽  
Posha Gul ◽  
Madiha Asma
Keyword(s):  
Public Education ◽  
Developing Economies ◽  
Generalized Method Of Moments ◽  
Consumption Expenditure ◽  
Education Expenditure ◽  
Final Consumption ◽  
Educational Expenditures ◽  
Education Expenditures ◽  
Per Capita ◽  
The Impact

Education can affect economic growth and wellbeing through different channels like by increasing the efficiency of the workforce, reducing inequality, and increasing the knowledge and the innovative capacity of an economy. The key objective of the present research is to explore the impact of public education expenditures on economic wellbeing in developing economies. The present study explored the impact of public education expenditures on economic wellbeing by using panel dataset of 21 developing economies over the period of 1980-2014. Household Final Consumption Expenditure Per Capita was used as a proxy to measure economic wellbeing. The panel estimation technique of Generalized Method of Moments (GMM) was used for the analysis. Research findings revealed that there was a positive and significant relationship between education expenditure and economic wellbeing. Economic wellbeing of the society was directly linked with more priority to educational expenditures in public budget. Hence, developing economies should enhance their public spending on education. Keywords: Economics of Education, Public Education Expenditure, Economic Wellbeing, Household Final Consumption Expenditure per Capita, Developing Economies

The impact of budget deficit, public debt and education expenditures on economic growth in Poland

2021 ◽  
Vol 71 (1) ◽  
pp. 59-84
Author(s):  
Michał Konopczyński
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Public Debt ◽  
Budget Deficit ◽  
Growth Path ◽  
Rapid Improvement ◽  
Balanced Growth ◽  
Education Expenditures ◽  
Balanced Growth Path ◽  
The Impact

AbstractThis paper investigates the relationship between economic growth in Poland and a few metrics of fiscal policy: budget deficit relative to GDP, the structure of public debt, education expenditures, and public consumption. We prove that with constant values of parameters of fiscal policy, over time the economy converges to the balanced growth path which is unique and globally asymptotically stable.Having calibrated the model with statistical data, we demonstrate that in the period of 2000–2016 economic growth in Poland was driven primarily by rapid improvement in the level of human capital (at a rate of 5.4% per annum), and secondarily due to the accumulation of capital (2.7% annually). If recent trends in fiscal policy are continued, the Polish economy will converge to the balanced growth path with GDP growing at 3.7%. This rate may be boosted, if fiscal policy is appropriately adjusted, for example by permanent reduction in budget deficit. We also analyse the effects of changes in the financing structure of public debt. Finally, we present several scenarios of increasing public and private spending on education.

scholarly journals The Long-Term Impact of Human Capital Investment on GDP: A Panel Cointegrated Regression Analysis

2014 ◽  
Vol 2014 ◽  
pp. 1-10 ◽  
Author(s):  
Ahmet Gökçe Akpolat
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Life Expectancy ◽  
Capital Investment ◽  
Physical Capital ◽  
Developed Countries ◽  
Data Set ◽  
Life Expectancy At Birth ◽  
Education Expenditures ◽  
The Impact

This study aims to determine the long-run impact of physical and human capital on GDP by using the panel data set of 13 developed and 11 developing countries over the period 1970–2010. Gross fixed capital formation is used as physical capital indicator while education expenditures and life expectancy at birth are used as human capital indicators. Panel DOLS and FMOLS panel cointegrated regression models are exploited to detect the magnitude and sign of the cointegration relationship and compare the effect of these physical and human capital variables according to these two different country groups. As a consequence of panels DOLS and FMOLS models, the impact of physical capital and education expenditures on GDP in the developed countries is determined as higher than the impact in the developing countries. On the other hand, the impact of life expectancy at birth on GDP is determined as higher in the developing countries.

scholarly journals The impact of education expenditures on growth in the EU28 – a spatial econometric perspective

2018 ◽  
Vol 68 (2) ◽  
pp. 271-294 ◽  
Author(s):  
Lena Malešević Perović ◽  
Silvia Golem ◽  
Maja Mihaljević Kosor
Keyword(s):  
Growth Models ◽  
Spillover Effects ◽  
Government Expenditures ◽  
Gdp Growth ◽  
Spatial Econometric ◽  
Spatial Spillovers ◽  
Education Expenditures ◽  
Geographical Distances ◽  
The Impact ◽  
Spatial Transmission

This paper analyses spatial impact of government expenditures on education on economic growth in the EU28 countries during the period 2004–2013. Employing a novel econometric technique that allows for the estimation of spatial spillovers, our results indicate that government expenditures on education significantly and positively infl uence GDP growth. Moreover, the indirect i.e. the spillover effects are quite large suggesting that the growth models should account for spatial interdependencies. Precisely, we find that education expenditures in one country affect GDP growth in the neighbouring countries, meaning that these spillovers are geographical in nature. Moreover, we find that the degree of interdependence among countries varies according to the average GDP per capita even if their geographical distances are identical. Additionally, immigration is found to be an important channel of spatial transmission.

scholarly journals Education Expenditure-Led Growth: Evidence from Nigeria (1980-2018)

2020 ◽  
Vol 13 (3) ◽  
pp. 133 ◽  
Author(s):  
Olukemi I. Lawanson ◽  
Dominic I. Umar
Keyword(s):  
Economic Growth ◽  
Primary Education ◽  
Positive Impact ◽  
Tertiary Education ◽  
School Funding ◽  
Growth Strategy ◽  
Education Expenditure ◽  
Education Expenditures ◽  
Government Education ◽  
The Impact

This study examines the belief that education fosters economic growth by analyzing the impact of Government education expenditures at different levels on economic growth using Nigerian data for the period 1980-2018. Time series econometrics tests like Unit Root, cointegration, Error Correction Model and Granger Causality were employed to test the hypothesis of education expenditure-led growth strategy. The outcomes of the studies showed that that there is cointegration between total government education expenditures, primary, secondary and tertiary education expenditure and economic growth. The outcomes of the study also revealed that all levels of education expenditure contribute to economic growth positively (tertiary education exerting more positive impact) and are statistically significant (except primary education expenditure that is not significant) at 5%level. The study equally revealed bi-directional causality between t all levels public expenditure on education and economic growth. The study therefore, recommends improved funding for education at all levels given their interconnections. It also recommends that funding of primary education should by supported Federal Government as weak primary school funding will impact on quality of pupils that graduate to secondary school. Again policies aimed at diversifying and broadening the Nigerian economy be rekindled as economic growth have the potential of increasing education spending.

Sign in / Sign up

Export Citation Format

Share Document