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Influence Of Macroeconomic Imbalances On The Education Spending

Author

Listed:
  • Ortansa T. FLOREA (MOISE)

    (Academia de Studii Economice Bucureşti)

Abstract

This paper aims to analyze the link between unemployment and inflation, on the one hand, and spending on education, on the other hand. The analyzed period is 1996-2010 and the data used provided to the National Institute of Statistics and Eurostat. Were calculated relative change of the final expenditure of households, relative change in the share of education spending in total household consumption while identifying the relationship between these indicators. We calculated the correlation coefficients between these indicators. After analyzing the data it was found that, during 1996-2010, the correlation coefficient between the change in the unemployment rate and the change in the expenditure on education in final consumption of households has a value close to 1, so a direct relationship strong, and the rate of change inflation and the change in the expenditure on education in final consumption of households is negative and close to zero, therefore an inverse, but weak. Therefore, expenditures on education are directly influenced by the evolution of the unemployment rate, but not inflation.

Suggested Citation

  • Ortansa T. FLOREA (MOISE), 2014. "Influence Of Macroeconomic Imbalances On The Education Spending," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 31, pages 237-243, November.
    • Handle: RePEc:cmj:interc:y:2014:i:31:p:237-243
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    More about this item

    Keywords

    Consumption; Education; Inflation rate; Unemployment rate;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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