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Government education expenditures and economic growth: a meta-analysis

Sefa Awaworyi Churchill, Mehmet Ugur () and Siew Ling Yew ()

No 17354, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: 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)
New Economics Papers: this item is included in nep-gro
Date: 2017-05-25
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