Government education expenditures and economic growth: a meta-analysis
Awaworyi Churchill Sefa (),
Mehmet Ugur () and
Siew Ling Yew ()
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Awaworyi Churchill Sefa: RMIT University, School of Economics, Finance and Marketing, Melbourne, Victoria, Australia
The B.E. Journal of Macroeconomics, 2017, vol. 17, issue 2, 17
Using a sample of 237 estimates drawn from 29 primary studies, we conduct a hierarchical meta-regression analysis that examines the association between economic growth and government expenditure on education. We find that the effect of government education expenditure on growth is positive for developed countries. However, when the evidence pertains to less developed countries (LDCs), we find a statistically insignificant association. We also examine the heterogeneity in empirical results and found that factors such as econometric specifications, publication characteristics as well as data characteristics explain the heterogeneity in the literature. We find no evidence of publication selectivity.
Keywords: economic growth; government education expenditure; human capital (search for similar items in EconPapers)
JEL-codes: H52 O4 (search for similar items in EconPapers)
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