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

Dracea Raluca () and Mirela Cristea ()

Finante - provocarile viitorului (Finance - Challenges of the Future), 2009, vol. 1, issue 10, 150-155

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.

Keywords: economic growth; budget expenditure; education (search for similar items in EconPapers)
JEL-codes: C51 H52 I28 (search for similar items in EconPapers)
Date: 2009
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