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

Ear Sothy, Sim Sokcheng and Khiev Pirom

Working Papers MPIA from PEP-MPIA

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.

Keywords: Public education spending; labour market; household Welfare; CGE; simulation modeling (search for similar items in EconPapers)
JEL-codes: C63 C67 C68 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cmp, nep-edu, nep-mac and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:mpiacr:2017-05

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