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Cambodia Macroeconomic Impacts of Public Consumption on Education: A Computable General Equilibrium Approach

Author

Listed:
  • Ear Sothy
  • Sim Sokcheng
  • Khiev Pirom

Abstract

Employing the available social accounting matrix, this paper examines the impacts of different public education consumption schemes on Cambodian macroeconomics, the labour market and household welfare. The results from the simulation scenarios in the CGE model revealed that the reallocation of public spending from primary and secondary education to higher education produced a negative impact on the wage rate of low and fairly educated labour, dropped outputs, and reduced household welfare, which had adverse effects on macroeconomic variables in general. However, the shift of public spending from administration to the three education sectors, showed positive impacts on the economy, household income and welfare. Given the factor endowment structure of the Cambodian education sector, the policy that focuses on higher education by providing more spending to this sector did not yield results as good as keeping the initial education spending structure.

Suggested Citation

  • Ear Sothy & Sim Sokcheng & Khiev Pirom, 2017. "Cambodia Macroeconomic Impacts of Public Consumption on Education: A Computable General Equilibrium Approach," Working Papers MPIA 2017-05, PEP-MPIA.
    • Handle: RePEc:lvl:mpiacr:2017-05
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    More about this item

    Keywords

    Public education spending; labour market; household Welfare; CGE; simulation modeling;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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