Government Spending in Education and Economic Growth in Cameroon A Vector Error Correction Model Approach

Tayo Douanla () and Fouda Abomo ()
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Tayo Douanla: Yaound 2 University Cameroon, Postal: CM
Fouda Abomo: Yaound 2 University Cameroon, Postal: CM

Journal of Research in Educational Sciences, 2015, vol. 6, issue 8, 12-18

Abstract: This study aims at assessing the effect of government spending in education on economic growth in Cameroon over the period 1980 2012 using a vector error correction model The estimated results show that these expenditures had a significant and positive impact on economic growth both in short and long run The estimated error correction model shows that an increase of 1 of the growth rate of private gross fixed capital formation and government education spending led to increases of 5 03 and 10 145 respectively in the long run on economic growth Education spending thus appears as one of the main driving force of the economic growth process in Cameroon

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jres00:v:6:y:2015:i:8:p:12-18

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