The Impact of Public Education Expenditure on Human Capital, Growth, and Poverty in Tanzania and Zambia A General Equilibrium Approach

2001 ◽  
Author(s):  
Hong-Sang Jung ◽  
Erik Thorbecke
Keyword(s):  
Human Capital ◽  
Public Education ◽  
General Equilibrium ◽  
Education Expenditure ◽  
Capital Growth ◽  
Equilibrium Approach ◽  
Public Education Expenditure ◽  
The Impact

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

2021 ◽  
Vol 11 (2) ◽  
pp. 184-192
Author(s):  
Yao Liu ◽  
Ziru Tan ◽  
Xiaohua Ning
Keyword(s):  
Economic Growth ◽  
Public Education ◽  
Tertiary Education ◽  
Education Expenditure ◽  
Education Development ◽  
Financial Investment ◽  
Public Education Expenditure ◽  
The Impact ◽  
The Relationship ◽  
Expenditure Structure

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.

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

2018 ◽  
Vol 7 (2) ◽  
pp. 174-211
Author(s):  
M. R. Narayana
Keyword(s):  
Human Capital ◽  
Public Education ◽  
Elementary Education ◽  
Age Structure ◽  
Labour Productivity ◽  
Capital Investments ◽  
Education Expenditure ◽  
Structure Transition ◽  
Growth Effects ◽  
Public Education Expenditure

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

Sign in / Sign up

Export Citation Format

Share Document