Does education expenditure have a positive impact on economic growth? : a panel data estimation of five developing countries

Show simple item record

dc.contributor.advisor Akbari, Syed Ather Hussain
dc.creator Randolph, Raquel
dc.date.accessioned 2020-08-17T14:51:39Z
dc.date.available 2020-08-17T14:51:39Z
dc.date.issued 2020
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/29389
dc.description 1 online resource (28 pages)
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (pages 23-27).
dc.description.abstract The quality of human capital is essential for a nation to grow and keep up with the growing pace of development and innovation. Education is being recognized as a key contributing factor to the sustainable growth of a nation. This paper seeks to find if more investment in human capital will fuel the growth of developing countries. Five Asian developing countries have been selected to study the impact of their public education expenditure on economic growth. The cointegration test shows that education expenditure has a long-run equilibrium relationship with growth. Next, the Random Effect Model used for the panel regression suggests that there is a positive and significant relationship between education expenditure and the GDP per capita. The result implies that to achieve a sustainable growth plan, countries should invest more in public education. In this way, they will be able to reduce unemployment, increase the standard of living, and also eradicate poverty. en_CA
dc.description.provenance Submitted by Greg Hilliard (greg.hilliard@smu.ca) on 2020-08-17T14:51:38Z No. of bitstreams: 1 Randolph_Raquel_MRP_2020.pdf: 352266 bytes, checksum: 5add49e10e913bb8100185cbbae19a0d (MD5) en
dc.description.provenance Made available in DSpace on 2020-08-17T14:51:39Z (GMT). No. of bitstreams: 1 Randolph_Raquel_MRP_2020.pdf: 352266 bytes, checksum: 5add49e10e913bb8100185cbbae19a0d (MD5) Previous issue date: 2020-07-25 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Does education expenditure have a positive impact on economic growth? : a panel data estimation of five developing countries en_CA
dc.type Text en_CA
thesis.degree.name Master of Applied Economics
thesis.degree.level Masters
thesis.degree.discipline Economics
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
 Find Full text

Files in this item

 
 

This item appears in the following Collection(s)

Show simple item record