INFLUENCE OF MACROECONOMIC IMBALANCES ON THE EDUCATION SPENDING

Ortansa T. FLOREA (moise)
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Ortansa T. FLOREA (moise): Academia de Studii Economice Bucureşti

Management Intercultural, 2014, issue 31, 237-243

Abstract: This paper aims to analyze the link between unemployment and inflation, on the one hand, and spending on education, on the other hand. The analyzed period is 1996-2010 and the data used provided to the National Institute of Statistics and Eurostat. Were calculated relative change of the final expenditure of households, relative change in the share of education spending in total household consumption while identifying the relationship between these indicators. We calculated the correlation coefficients between these indicators. After analyzing the data it was found that, during 1996-2010, the correlation coefficient between the change in the unemployment rate and the change in the expenditure on education in final consumption of households has a value close to 1, so a direct relationship strong, and the rate of change inflation and the change in the expenditure on education in final consumption of households is negative and close to zero, therefore an inverse, but weak. Therefore, expenditures on education are directly influenced by the evolution of the unemployment rate, but not inflation.

Keywords: Consumption; Education; Inflation rate; Unemployment rate (search for similar items in EconPapers)
JEL-codes: E21 E24 E31 I25 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:interc:y:2014:i:31:p:237-243

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