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

Author

Listed:
  • Raluca DRACEA
  • Mirela CRISTEA

    (University of Craiova)

Abstract

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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    File URL: http://feaa.ucv.ro/FPV/010-19.pdf
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    Citations

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    Cited by:

    1. Daniela-Emanuela D?n?cic?, 2017. "Higher Educated People And (Re)Employment Probability In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(45), pages 82-94, November.

    More about this item

    Keywords

    economic growth; budget expenditure; education;
    All these keywords.

    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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