Is there any correlation between the economic growth and budget expenditure allocated to education? Case study Romania
AbstractAs it is shown in the specialty literature, there is a series of empirical studies which aim at capturing the effects of public expenditure on the economic growth. To the empirical level, one may notice a reverse correlation between the economic growth and public expenditure, which is clearly explained by the omission of the structure of public expenditure within the analysis of its effects. Considering these aspects, our paper tries to reveal the applicability of the explanatory variable as educational expenditure. Thus, the paper empirically examines the correlation between the budget expenditure allocated to education and the economic growth in Romania, using Matlab to test statistical correlations between the variables submitted to this study.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.
Volume (Year): 1 (2009)
Issue (Month): 10 (December)
economic growth; budget expenditure; education;
Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
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