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The Nexus Between Public Spending on Education and Economic Growth of Kosovo (Econometric Approach)

Author

Listed:
  • Ziberi Besime
  • Gashi Rrezarta
  • Hodaj Mimoza

    (AAB University, Prishtina, Kosovo)

Abstract

The main aim of this study is to analyse the trend of public spending dedicated to education in case of Kosovo over the years and to measure the impact of public spending in education on economic growth of Kosovo. In order to achieve the aim, the Pearson Correlation has been used and a multifactorial regression model (OLS) has been modified and adapted, where we have determined the Gross Domestic Product (GDP) as a dependent variable and as an independent variable in the model: (i) Public expenditure on secondary education and (ii) Public expenditure on higher education (university). The data used are secondary data from the Kosovo’s State Budget, Ministry of Finance and Transfers, and Kosovo Agency of Statistics. We have come to a conclusion that public spending dedicated to higher education (university) has a positive impact on Kosovo’s economic growth meanwhile public spending on secondary education does not show any effect. The paper suggests further recommendations on public spending policies dedicated to education in order to influence Kosovo’s economic growth.

Suggested Citation

  • Ziberi Besime & Gashi Rrezarta & Hodaj Mimoza, 2020. "The Nexus Between Public Spending on Education and Economic Growth of Kosovo (Econometric Approach)," Economics and Business, Sciendo, vol. 34(1), pages 285-296, February.
    • Handle: RePEc:vrs:ecobus:v:34:y:2020:i:1:p:285-296:n:5
    DOI: 10.2478/eb-2020-0019
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    More about this item

    Keywords

    public spending; education; economic growth; sustainability; OLS;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies

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