Public education expenditure and economic growth: based on panel data from 2009 to 2019 in China

Public education expenditure is the largest public expenditure and the foundation of education development in China. This paper uses Cobb-Douglas production function model to analyze the relationship between public education expenditure and China's economic growth, and explores the impact of the proportion of public education expenditure in primary, secondary and tertiary education expenditure on economic growth. The results show that public education expenditure has a positive effect on economic growth, and that secondary education accounts for the largest contribution to economic growth, followed by higher education and primary education. The research results suggest that China should increase financial investment in education and optimize the expenditure structure of three-level education.

Comparing COSTATIS and Generalized Procrustes Analysis with Multi-Way Public Education Expenditure Data

Governments serve a variety of purposes, and where governments spend their money has always been of concern to society. In particular, spending on public education is of great interest. However, the volume of this information can be difficult to manage. Therefore, the purpose of this work is to compare the COSTATIS method and generalized Procrustes analysis (GPA) when working with multi-way data. Despite the particular characteristics of each of them, they present similarities and differences that, when analyzed together, can provide complementary results to researchers. The COSTATIS consists of a co-inertia analysis of the compromise of two k-table analyses. The GPA method provides an optimal superimposed representation of individual configurations, and a common consensus configuration is constructed as the mean of all transformed configurations. In addition, the GPA method includes the translation, rotation and scaling of coordinates. In this study, both methods were applied, and the advantages and disadvantages of each are presented. The treated data are a sequence of tables from various countries where different public expenditures on education have been measured over time.

Improving Education Efficiency by Consolidating Public Schools with Few Students

The study aimed to review the best international practices for the consolidation of public schools in areas with low population density in order to improve the efficiency of public education expenditure. The study used the descriptive analysis method by analyzing documents from the best international practices on the consolidation of public schools. The study used two tools, namely, analyzing documents and interviews with 20 experts. The study found that the best international practices for consolidating schools with a small number of students are based on a national consolidation manual, diversity in standards of consolidation and its alternatives, raising the awareness of the local community, and provision of safe and comfortable school transportation. Finally, the study provided suggestions for consolidating schools to improve the efficiency of public education expenditure in Saudi Arabia.

Public Education Expenditure and Its Impact on Human Resource Development in India: An Empirical Analysis

Societal and global advancement increasingly depends upon research, invention, innovation and adaptation; all of these are products of educated mind. Education is public good in LDCs and need Government involvement to function effectively. National Education Policies of India in 1968, 1986 and 1992 (revised) have recommended 6% of GDP to spend on education which unfortunately was on an average 3.77% in last one and half decade. This insufficient funding can be considered as one of the factors for India’s low ranking in terms of Human Development Index. Descriptive and analytical methods are used to study the relationship between Public Education expenditure and Human Resource Development of India by using the secondary data collected through the reliable sources like Ministry of human resource development and Human Development reports published by UNDP. To analyse the relationship between spending by the Government on education and improvement in quality of Human resource, Granger Causality Test is applied. The results of the study show the influence of Public education expenditure on Human Resource Development in India.

Accounting for Growth Effects of Age Structure Transition through Public Education Expenditure: New Macroeconomic Evidence from India

This article quantifies the growth effects of age structure transition through current public education expenditure. Using the National Transfer Accounts’ (NTA) First Demographic Dividend (FDD) model, growth effects are accounted by the impact of current public education expenditure on economic support ratio (ESR) and labour productivity through human capital investments. The results offer new macroeconomic evidence. Age structure transition reduces the education dependency ratio (EDR) by all levels of education but the highest in the elementary education. This impacts on a long-term decline in enrolment in elementary education where the current gross enrolment ratio (GER) is close to 100 per cent and a decline in current public education expenditure. Other things being equal, the resultant potential savings, or the availability of extra budgetary resources, is a new way of financing the investment requirements for secondary and higher education with the aim of increasing national economic growth through human capital investments. In particular, growth effects are shown to be positive, higher and longer up to 2050, if the current public education spending is reallocated more for the secondary and higher education. Surprisingly, growth effects are explained less by the ESR than labour productivity. This justifies a higher human capital investment to enhance labour productivity for attainment of higher economic growth. The afore- mentioned macroeconomic framework, results and implications are of general relevance for other developing countries in South Asia and elsewhere in the world. JEL Classification: E65, H52, J11

Nexus between Public Education Expenditure and Human Resource Development: An Empirical Analysis

There was always a gap between recommendations and implementations especially in case of public expenditure on education which has serious implications on human resource development of the country. Lack of funding is one of the serious concerns which may also be reason for low ranking of India in terms of Human Development Index. It can be easily observed that the total state expenditure on education in the country has hung around 3% of GDP, far below the 6% of GDP as resolved by the National Education Policies. Descriptive method is used to study the relation between Education expenditure by the Government and Human Resource Development of India by using the secondary data collected through the reliable and authenticated sources like Union Budgets of India and Human Development reports published by UNDP. Granger Causality Test is applied to examine the causal relation between the Public Education Expenditure and Human Resource Development. Multiple regression analysis is used to analyse the contribution of education in Human Development Index. The result of the study will help to understand the Government’s role in Human Resource Development through expenditure on education.