scholarly journals THE NEXUS BETWEEN PUBLIC SPENDING ON EDUCATION AND ECONOMIC GROWTH OF KOSOVO – ECONOMETRIC APPROACH

2020 ◽  
Author(s):  
Besime Ziberi ◽  
Mimoza Hodaj
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Secondary Education ◽  
Public Expenditure ◽  
Positive Impact ◽  
Pearson Correlation ◽  
Public Spending ◽  
Secondary Data ◽  
State Budget ◽  
The Impact

The main aim of this study is to analyze the trend of public spending dedicated to education in case of Kosovo over the years and to measure the impact of public spending in education on economic growth of Kosovo. In order to achieve the goal, the Pearson Correlation is used and a multifactorial regression model (OLS) has been modified and adapted, where we have determined the Gross Domestic Product (GDP) as depended variable and as independent variable in the model conclude: (i) Total public expenditure on education (ii) Public expenditure on Secondary Education and (iii) Public expenditure on Higher Education (University). The data used is secondary data from the Kosovo’s State Budget, Ministry of Finance and Transfers, and Kosovo Agency of Statistics. We come in conclusion that public spending dedicated to the Higher Education (University) has a positive impact on Kosovo's economic growth meanwhile the public spending on secondary education and total public expenditure on education in the model circumstances show no significance. The paper comes with further recommendations on public spending policies dedicated to education in order to influence Kosovo's economic growth.

scholarly journals The Nexus Between Public Spending on Education and Economic Growth of Kosovo (Econometric Approach)

2020 ◽  
Vol 34 (1) ◽  
pp. 285-296
Author(s):  
Besime Ziberi ◽  
Rrezarta Gashi ◽  
Mimoza Hodaj
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Secondary Education ◽  
Public Expenditure ◽  
Positive Impact ◽  
Pearson Correlation ◽  
Public Spending ◽  
Secondary Data ◽  
State Budget ◽  
The Impact

Abstract The main aim of this study is to analyse the trend of public spending dedicated to education in case of Kosovo over the years and to measure the impact of public spending in education on economic growth of Kosovo. In order to achieve the aim, the Pearson Correlation has been used and a multifactorial regression model (OLS) has been modified and adapted, where we have determined the Gross Domestic Product (GDP) as a dependent variable and as an independent variable in the model: (i) Public expenditure on secondary education and (ii) Public expenditure on higher education (university). The data used are secondary data from the Kosovo’s State Budget, Ministry of Finance and Transfers, and Kosovo Agency of Statistics. We have come to a conclusion that public spending dedicated to higher education (university) has a positive impact on Kosovo’s economic growth meanwhile public spending on secondary education does not show any effect. The paper suggests further recommendations on public spending policies dedicated to education in order to influence Kosovo’s economic growth.

scholarly journals HIGHER EDUCATION AND ECONOMIC GROWTH A CASE STUDY OF PAKISTAN

2010 ◽  
Vol 27 (1) ◽  
Author(s):  
Tariq Mahmood
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Positive Impact ◽  
Public Expenditures ◽  
Annual Data ◽  
Unequal Distribution ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Education And Economic Growth

This paper highlights the role of higher education for the economic growth inPakistan. We explore the impact of increase in enrolment at tertiary level on thegrowth rate of income per worker. Estimating a growth model developed byMankiv et. al. (1992), using the annual data of Pakistan, we find a robustrelationship between higher education and economic growth in the long run. Themodel has also shown that investment in fixed capital has positive impact oneconomic uplift. Applying Johansen’s cointegration test, we show that the longrun elasticity of income with respect to capital stock is different from its share inGDP, and increase in the enrolment per unit of effective worker helps inbolstering economic growth. But, like earlier literature we also find statisticallyinsignificant relationship between higher education and GDP per worker. Thereare some fundamental reasons concerning to the ambiguous impact of investingin human capital on economic growth, particularly in the short run in case ofPakistan. First, the sharp increase in enrollment, recently, has been damaging thequality of education. Second, the unequal distribution of educational services hasheld back the efficiency of public expenditures, particularly before the reformsundertaken by higher education commission. Third, the low private return ofeducation has limited the demand for higher education in Pakistan for almost fiftyyears.

scholarly journals Learning Losses Caused by the Covid-19 Pandemic - A Significant Threat to Economic Development

2021 ◽  
Vol 4 (1) ◽  
pp. 92
Author(s):  
Tea Kasradze ◽  
Nino Zarnadze
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Organizations ◽  
Positive Impact ◽  
Secondary Data ◽  
Market Demand ◽  
Local Policy ◽  
Education Systems ◽  
Increase Productivity ◽  
The Impact

Numerous studies show that there is a positive correlation between education and the economic development of the country. Strong education systems have a positive impact not only on the success of individuals but also on the economy of the entire country. Graduates equipped with the skills required by the labor market can easily find a place in this market. Knowledge and skills relevant to market demand increase productivity have a positive impact on economic growth and development. Unfortunately, Covid Pandemic has severely damaged the education systems. Governments, scientists, and experts provide us with statistical information daily around the world about both the slowdown in economic growth as a whole and the problems of individual sectors of the economy. These are the problems and numbers that are already visible and it can be said that the losses are easily measurable. However, the damage caused to the economy by education systems affected by the pandemic will be felt by countries and humanity years later, nor will it be easy to calculate. The problem is even more difficult in poor and developing countries. This paper aims to study the impact of the Covid Pandemic on the education system and economy in Georgia. The research examines the reports and studies of various international organizations, analyzing the secondary data obtained from them. Local policy documents, government reports and regulations, and papers of different researchers have also been studied, conclusions have been made and relevant recommendations have been developed.

scholarly journals The Impact of Public Expenditure on Economic Growth: A Review of International Literature

2019 ◽  
Vol 19 (2) ◽  
pp. 81-101
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Government Spending ◽  
Public Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Empirical Literature ◽  
The Impact ◽  
The Relationship

Abstract Research background: Although a number of studies have been conducted on the relationship between public expenditure and economic growth, it is difficult to tell with certainty whether or not an increase in public expenditure is good for economic growth. This lack of consensus on the results of the previous empirical findings makes this study of paramount importance as we take stock of the available empirical evidence from the 1980s to date. Purpose: In this paper, theoretical and empirical literature on the relationship between government expenditure and economic growth has been reviewed in detail. Focus was placed on the review of literature that assessed the impact of government spending on economic growth. Research Methodology: This study grouped studies on the impact of public expenditure on economic growth based on their results. Three groups emerged – positive impact, negative impact and no impact. This was followed by a review of each relevant study and an evaluation of which outcome was more prevalent among the existing studies on the subject. Results: The literature reviewed has shown that the impact of government spending on economic growth is not clear cut. It varies from positive to negative; with some studies even finding no impact. Although the impact of government spending on economic growth was found to be inconclusive, the scale tilts towards a positive impact. Novelty: The study provides an insight into the relationship between public expenditure and economic growth based on a comprehensive review of previous empirical evidence across various countries since the 1980s.

scholarly journals Impact of Monetary Policy on Economic Growth: Empirical Evidence in Vietnam

2019 ◽  
Vol 5 (10) ◽  
Author(s):  
Tang My Sang
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Interest Rates ◽  
Empirical Evidence ◽  
Money Supply ◽  
Negative Impact ◽  
Positive Impact ◽  
Secondary Data ◽  
The Impact

Through the secondary data collected from 2009 to 2018, the research used Var method to test the impact of monetary policy on economic growth in Vietnam. The results show that there is a relationship between the variables of monetary policy and economic growth, in which the money supply has a positive impact at a high significant level, interest rates have a negative impact on Vietnam economic growth. From the results obtained, the research proposed solutions for operating monetary policy.

scholarly journals The Impact of Population Density and Economic Growth on Environmental Quality: Study in Indonesia

2021 ◽  
Vol 22 (2) ◽  
pp. 301-312
Author(s):  
Abdulloh Nashiruddin Wafiq ◽  
Suryanto Suryanto
Keyword(s):  
Economic Growth ◽  
Population Density ◽  
Environmental Quality ◽  
Quality Index ◽  
Negative Impact ◽  
Pearson Correlation ◽  
Secondary Data ◽  
Significant Negative Impact ◽  
Sustainable Economic Growth ◽  
The Impact

Sustainable economic growth is followed by an improvement in environmental quality. The purpose of this study is to identify the correlation between economic growth and population density on the environmental quality index (EQI) in Indonesia. In addition, it also aims to determine the impact of economic growth and population density on the environmental quality Index. This study uses a quantitative method with secondary data from 33 provinces in Indonesia from 2010 to 2016. Data were analyzed using Pearson correlation and panel data regression. The result showed that the correlation between economic growth and population density on the quality of the environment was moderate. It has a significant negative impact on environmental quality.

scholarly journals The impact of public expenditures on economic growth of the Republic of North Macedonia

2020 ◽  
Vol 8 ◽  
pp. 249-258
Author(s):  
Aleksandar Nikoloski
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
Public Spending ◽  
Living Standards ◽  
Living Standard ◽  
Public Expenditures ◽  
Short Term ◽  
The Republic ◽  
Sustainable Economic Growth ◽  
The Impact

Ensuring high and sustainable economic growth is one of the main tasks of public spending policy. In fact, public expenditure plays an important role in the formation of physical and human capital over time. If are properly targeted, they can stimulate economic growth even in the short term, when limited infrastructure of (unskilled) workforce is a barrier to increased production. Therefore, the realized impact of public expenditures on economic growth can be considered as an indicator of their effectiveness. The goal of public expenditure is to increase economic growth by providing more employment opportunities, increasing people's income and living standards. Therefore, if they are well-managed, they can lead to the desired level of economic growth and improvement of the living standard of the population.

scholarly journals DAMPAK AKUMULASI MODAL, EKSPOR, MARGINAL EFFICIENCY OF CAPITAL (MEC), INFLASI DAN SISTEM PEMERINTAHAN TERHADAP PERTUMBUHAN EKONOMI

Media Ekonomi ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 107
Author(s):  
Asti Karlina Dewi
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Positive Impact ◽  
Secondary Data ◽  
Supply Side ◽  
Decentralized System ◽  
Factors Affecting ◽  
Dummy Variables ◽  
The Impact ◽  
Better Than

<em>The research is analyzing the Impact of Capital Acumulation, Export, MEC, Inflation and Governace System on Indonesian Economic Growth. </em><em>The model tries to combine the supply side (capital accumulation and MEC) and the demand side (export and inflation), also by including government systems for predicting the factors affecting economic growth. The data used are secondary data obtained from BPS, BI and other data sources from 1987 to 2016 (except data from 1998, 1999, and 2000 due to data in that year's is extreme). To find out whether there is a difference in the phenomenon of economic growth in centralized systems with decentralize system used dummy variables.</em> <em>The results of the study showed that the model is significant in explaining changes in economic growth. The impact of capital accumulation on economic growth is positive significant, as well as the impact of exports. But the impact of MEC as well as of inflation on economic growth is not significant.  By seeing that the variable dummy has a significant positive impact on economic growth, it can be argued that economic growth in the decentralized system is better than the centralized.</em>

scholarly journals PENGARUH PERTUMBUHAN EKONOMI TERHADAP DISPARITAS PEMBANGUNAN DI PROPINSI SUMATERA SELATAN

2019 ◽  
Vol 15 (1) ◽  
pp. 14-22
Author(s):  
Endang Kusdiah Ningsih ◽  
Dwi Eka Novianty ◽  
Sri Ermeila
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Pearson Correlation ◽  
National Income ◽  
Secondary Data ◽  
Economic Growth And Development ◽  
Kuznets Hypothesis ◽  
Economic Growth Rates

Economic growth of any counties had positive and negative impact. A positive impact is an increase in national income and negatif impact are inequility of personal income distribution and development disparities. Economic growth in province of South Sumatera also had that impact. The purposes of this research is to prove empirically relationship and patterns of linkages between economic growth and development disparities. The data that used is secondary data obtained from Central Statistic Agency in the form of economic growth rates, gross regional domestic product per capita and total population of the province of South Sumatera during the period 2010-2017. The analysis use with Williamson Index to measure development disparities and Pearson Correlation to find out the relationship between economic growth and development disparities and to prove Kuznets hypothesis. The result of this analysis are : (1)development disparities in the province of South Sumatera during the period 2010-2017 , including height indicated by the Williamson Index more than 0,5. (2) Pearson Correlation is -0,253 show that there is a negatif relationship between economic growth and development disparities and this proved that the Kuznets hypothesis (curve U-Reserved) also occur happen in this province. It means, that economic growth is inversely proportional to development disparities.(3) R Square is 0,064 , means the effect ofeconomic growth on development disparities is 6% and 94% influenced by other factors

scholarly journals What can SVAR models tell us about the impact of Public Expenditure Shocks on macroeconomic variables in algeria? A Slight Hint to the COVID-19 Pandemic

2021 ◽  
Vol 21 (2) ◽  
pp. 21-37
Author(s):  
Chellai Fatih
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Public Spending ◽  
Economic Activities ◽  
Macroeconomic Variables ◽  
Energy Factors ◽  
New Feature ◽  
The Impact

Abstract Research background: Public spending is a generator of economic growth as well as its components; this reality is more depicted in the era of the COVID-19 world pandemic where a recession in economic activities has touched all countries. Purpose: In this paper, we tried to study the impact of shocks in public expenditure on some macroeconomic variables in Algeria during the period (1970–2019). Research methodology: The VAR Structural models were used to study the response of these variables to shocks in public spending in Algeria. Results: The results of the modeling indicate a direct response of both exports and imports to a shock in the levels of public expenditure, but this response is relatively weak to the variable value of exports (especially in the short term), which is mainly due to the structure of the Algerian economy that is mainly dependent on the export of oil and gas, which in turn is mainly affected by international energy factors e.g. prices, supply, and demand. For the rate of inflation, there was an inverse response to shocks in the level of public spending. In the context of the global health and economic crisis, we will witness a further faltering of economic growth in Algeria. Novelty: Our contribution is a new feature of the application of the SVAR model in the era of the COVID-19 pandemic that focused on analyzing the impacts of public expenditure on exports and imports

Sign in / Sign up

Export Citation Format

Share Document