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Education and economic growth: the role of public expenditures allocation

Author

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  • Mohamed Ben Mimoun

    (Université de Paris 1 Panthéon Sorbonne, Paris)

  • Asma Raies

    (Université de Paris 1 Panthéon Sorbonne, Paris)

Abstract

We show in this paper that GDP per-capita growth is more likely affected by the accumulation of education at the higher schooling levels in both OECD and DCs. However, in terms of the public funds allocation, this result does not prevent public education expenditures to be reallocated from higher toward basic schooling levels in DCs. Indeed, such a reallocation would improve the quality of education at the basic stages of education, which should be, in turn, accompanied by a faster accumulation of human capital at the higher schooling stages and faster economic growth.

Suggested Citation

  • Mohamed Ben Mimoun & Asma Raies, 2009. "Education and economic growth: the role of public expenditures allocation," Economics Bulletin, AccessEcon, vol. 29(3), pages 2404-2416.
    • Handle: RePEc:ebl:ecbull:eb-09-00430
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    References listed on IDEAS

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    5. Thomas, Vinod & Wang, Yan & Fan, Xibo, 2001. "Measuring education inequality - Gini coefficients of education," Policy Research Working Paper Series 2525, The World Bank.
    6. Amparo Castello & Rafael Domenech, 2002. "Human Capital Inequality and Economic Growth: Some New Evidence," Economic Journal, Royal Economic Society, vol. 112(478), pages 187-200, March.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Sieng, Lai Wei & Yussof, Ishak, 2014. "Human Capital Accumulation and Economic Growth in Malaysia - Investigating the Long Run Nexus," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(1), pages 155-165.
    2. Ming Zhang & Xiaorong Zou & Long Sha, 2019. "Social Security and Sustainable Economic Growth: Based on the Perspective of Human Capital," Sustainability, MDPI, vol. 11(3), pages 1-14, January.
    3. Zhiping Song & Peishan Tong, 2022. "The Impact of Social Security Expenditure on Human Common Development: Evidence from China’s Provincial Panel Data," Sustainability, MDPI, vol. 14(17), pages 1-12, September.

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    More about this item

    Keywords

    expenditures allocation; economic growth;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I2 - Health, Education, and Welfare - - Education

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