Testing the impact of educational expenditures on economic growth: new evidence from Latin American countries

Burcu Kiran ()

Quality & Quantity: International Journal of Methodology, 2014, vol. 48, issue 3, 1190 pages

Abstract: This paper investigates the impact of educational expenditures on economic growth for 18 Latin American countries over the period 1970–2009 by using cointegration test procedure in the presence of two unknown structural breaks. Considering structural breaks is necessary for our analysis because of that Latin American countries implemented important reforms to expand their educational systems and these reforms may affect the cointegrating relationship. The findings indicate that there is evidence of cointegrating relationship between educational expenditures and economic growth for the considered countries except Chile, Guyana, Jamaica, Nicaragua, Paraguay, Peru and Uruguay. Another finding of the paper is that identified structural breaks refer to the educational reform periods of Latin American countries. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Cointegration; Structural breaks; Educational expenditures; Economic growth; Latin American countries (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11135-013-9828-2 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:qualqt:v:48:y:2014:i:3:p:1181-1190

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11135-013-9828-2

Access Statistics for this article

Quality & Quantity: International Journal of Methodology is currently edited by Vittorio Capecchi

More articles in Quality & Quantity: International Journal of Methodology from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().