The impact of education expenditures on economic growth in Uganda: evidence from time series data

Jacob. Musila and Walid. Belassi
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Walid. Belassi: Athabasca University, Canada

Journal of Developing Areas, 2004, vol. 38, issue 1, 123-133

Abstract: Does education promote economic growth? Empirical evidence is not conclusive on this question. This paper uses time-series technique to investigate the relationship between government education expenditure per worker and economic growth in Uganda during the period 1965-1999. The empirical results show that education expenditure per worker has a positive and significant impact on economic growth both in the long run and short run. The estimates of error correction model suggest that a 1% increase in average education expenditure per worker will lead to about 0.04% increase in output in the short run. The cointegration estimates show that a 1% increase in average education expenditure per worker will increase output by about 0.6% in the long run.

Keywords: education expenditure; economic growth; error correction model (search for similar items in EconPapers)
JEL-codes: E62 H52 O40 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.38:year:2004:issue1:pp:123-133

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