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Relationship between Education Expenditure, Capital, Labor Force and Economic Growth in Malaysia

Author

Listed:
  • Norimah Rambeli Binti Ramli
  • Emilda Hashim
  • Dayang Affizah Awang Marikan

Abstract

Educational institutions play important role in producing highly educated communities. Investment in education an opportunities expansion to obtain higher education has become main economic development agenda in many countries, including Malaysia. Therefore, this study is conducted to examine the relationship between government expenditure and economic growth from 1970 to 2013. By using Cobb-Douglas Production Function in developing Multiple Regression Linear Model, the results show a significant and positive relationship between education expenditure and Malaysian economic growth. The findings further suggest that capital and labor force also influence economic growth in the long run.

Suggested Citation

  • Norimah Rambeli Binti Ramli & Emilda Hashim & Dayang Affizah Awang Marikan, 2016. "Relationship between Education Expenditure, Capital, Labor Force and Economic Growth in Malaysia," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(12), pages 459-468, December.
    • Handle: RePEc:hur:ijarbs:v:6:y:2016:i:12:p:459-468
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    Cited by:

    1. A.K. SUSILO & Dyah Wulan SARI & I Nengah PUTRA & N.A. PRATIWI, 2022. "Economic Growth And Military Expenditure In Developing Countries During Covid-19 Pandemic," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(1), pages 19-38.
    2. Husaini, Dzul Hadzwan & Lean, Hooi Hooi & Puah, Chin-Hong & Affizzah, A.M. Dyg, 2023. "Energy subsidy reform and energy sustainability in Malaysia," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 913-927.

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