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The B.E. Journal of Macroeconomics

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Government education expenditures and economic growth: a meta-analysis

Sefa Awaworyi ChurchillORCID iD: http://orcid.org/0000-0002-1930-9177 / Mehmet Ugur / Siew Ling Yew
  • Monash University, Caulfield Campus, Department of Economics, Caulfield East, Victoria, Australia
  • Other articles by this author:
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Published Online: 2017-05-25 | DOI: https://doi.org/10.1515/bejm-2016-0109

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

JEL Classification: H52; O4

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About the article

Received: 2016-11-26

Accepted: 2017-01-09

Published Online: 2017-05-25


Citation Information: The B.E. Journal of Macroeconomics, ISSN (Online) 1935-1690, DOI: https://doi.org/10.1515/bejm-2016-0109.

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