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Is there any correlation between the economic growth and budget expenditure allocated to education? Case study Romania


  • Raluca DRACEA
  • Mirela CRISTEA

    (University of Craiova)


As it is shown in the specialty literature, there is a series of empirical studies which aim at capturing the effects of public expenditure on the economic growth. To the empirical level, one may notice a reverse correlation between the economic growth and public expenditure, which is clearly explained by the omission of the structure of public expenditure within the analysis of its effects. Considering these aspects, our paper tries to reveal the applicability of the explanatory variable as educational expenditure. Thus, the paper empirically examines the correlation between the budget expenditure allocated to education and the economic growth in Romania, using Matlab to test statistical correlations between the variables submitted to this study.

Suggested Citation

  • Raluca DRACEA & Mirela CRISTEA, 2009. "Is there any correlation between the economic growth and budget expenditure allocated to education? Case study Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 150-155, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:150-155

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    References listed on IDEAS

    1. William R. White, 2006. "Is price stability enough?," BIS Working Papers 205, Bank for International Settlements.
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    More about this item


    economic growth; budget expenditure; education;

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy


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