Government spending in education and economic growth in Cameroon:a Vector error Correction Model approach

Lionel Douanla Tayo and Marcel Olivier Abomo Fouda

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Economic growth; VECM. (search for similar items in EconPapers)
JEL-codes: H5 (search for similar items in EconPapers)
Date: 2015-02-09
New Economics Papers: this item is included in nep-edu, nep-fdg and nep-gro
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:62008

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