Efficiency of Public Investments in Education and Economic Growth in the CEMAC

Le Roi Nso Fils (), Guivis Zeufack Nkemgha () and Gladys Njang Che ()
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Le Roi Nso Fils: University of Omar Bongo
Guivis Zeufack Nkemgha: University of Bamenda
Gladys Njang Che: University of Bamenda

Journal of the Knowledge Economy, 2024, vol. 15, issue 2, No 14, 5407-5427

Abstract: Abstract Several studies have focused on analyzing the effect of public investments in education on economic growth. However, little is known about the analysis of the effect of the efficiency of these investments on economic growth. The aim of this article is to fill this gap by analyzing the effect of the efficiency of public investments in education on economic growth in the countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 2000–2018. The empirical evidence is based on the pooled mean group method. The results show that the efficiency of public spending in education has no effect on short run economic growth. However, it promotes long run economic growth. In addition, the analysis of the efficiency gap shows a shortfall for the economies concerned.

Keywords: Efficiency of public investments; Education; Economic growth (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01370-1

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