The Relationship Between Government Expenditure on Education and Economic Growth: The Case of France

Nesrin Ozatac (), Nigar Taspinar, Oubayda Rifai () and Baris Eren ()
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Nesrin Ozatac: Eastern Mediterranean University
Oubayda Rifai: Eastern Mediterranean University
Baris Eren: Eastern Mediterranean University

A chapter in The Impact of Globalization on International Finance and Accounting, 2018, pp 61-70 from Springer

Abstract: Abstract The aim of this study is to investigate the long-run equilibrium relationship between economic growth, capital, labor, and government expenditure on education between the years of 1970 and 2012 for the case of France. Johansen co-integration test results suggest the existence of the long-run equilibrium relationship between variables. Existence of the co-integration relationship indicates that capital, labor, and government expenditure on education are long-run determinants of GDP for the case of France. Granger causality test results suggest that there is a bidirectional long-run causality between GDP and gross capital formation. In addition, there are long-run unidirectional causalities which run from labor and expenditure on education to GDP and from labor and expenditure to capital. Results of the study suggest the existence of education-induced economic growth for the case of France.

Keywords: Economic growth; Education; Co-integration (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-68762-9_7

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DOI: 10.1007/978-3-319-68762-9_7

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