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Education and economic growth: the role of public expenditures allocation

Author

Listed:
  • 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
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I3-P85.pdf
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    References listed on IDEAS

    as
    1. Lopez, Ramon & Thomas, Vinod & Yan Wang, 1998. "Addressing the education puzzle : the distribution of education and economic reform," Policy Research Working Paper Series 2031, The World Bank.
    2. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    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. Gemmell, Norman, 1996. "Evaluating the Impacts of Human Capital Stocks and Accumulation on Economic Growth: Some New Evidence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(1), pages 9-28, February.
    8. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    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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