Churchill, Sefa Awaworyi, Ugur, Mehmet ORCID: 0000-0003-3891-3641 and Yew, Siew Ling (2017) Government education expenditures and economic growth: a meta-analysis. B. E. Journal of Macroeconomics. ISSN 2194-6116 (Print), 1935-1690 (Online) (doi:https://doi.org/10.1515/bejm-2016-0109)

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Abstract

Using a sample of 237 estimates drawn from 29 primary studies, we conduct a hierarchical meta-regression analysis that examines the association between economic growth and government expenditure on education. We find that the effect of government education expenditure on growth is positive for developed countries. However, when the evidence pertains to less developed countries (LDCs), we find a statistically insignificant association. We also examine the heterogeneity in empirical results and found that factors such as econometric specifications, publication characteristics as well as data characteristics explain the heterogeneity in the literature. We find no evidence of publication selectivity.

Item Type:	Article
Uncontrolled Keywords:	Economic growth, Government education expenditure, Human capital
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified:	04 Aug 2021 16:33
URI:	http://gala.gre.ac.uk/id/eprint/17354

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