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Education and economic growth: the role of public expenditures allocation

Mohamed Ben Mimoun () and Asma Raies ()
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Asma Raies: Université de Paris 1 Panthéon Sorbonne, Paris

Economics Bulletin, 2009, vol. 29, issue 3, 2404-2416

Abstract: We show in this paper that GDP per-capita growth is more likely affected by the accumulation of education at the higher schooling levels in both OECD and DCs. However, in terms of the public funds allocation, this result does not prevent public education expenditures to be reallocated from higher toward basic schooling levels in DCs. Indeed, such a reallocation would improve the quality of education at the basic stages of education, which should be, in turn, accompanied by a faster accumulation of human capital at the higher schooling stages and faster economic growth.

Keywords: expenditures allocation; economic growth (search for similar items in EconPapers)
JEL-codes: H5 I2 (search for similar items in EconPapers)
Date: 2009-09-23
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