About this paper

Appears in:
Pages: 4420-4426
Publication year: 2017
ISBN: 978-84-697-3777-4
ISSN: 2340-1117
doi: 10.21125/edulearn.2017.1954

Conference name: 9th International Conference on Education and New Learning Technologies
Dates: 3-5 July, 2017
Location: Barcelona, Spain

DOES EDUCATION SPENDING REALLY ACCELERATE GROWTH? A COMPARISON OF DEVELOPED AND DEVELOPING COUNTRIES

J. Tapia, A. Sierra, L. Valenzuela

Universidad Técnica Federico Santa María (CHILE)
Education is one of the most important government expenditures, and is touted by many as a fundamental factor in leveling the field, overcoming inequality to achieve sustainable economic growth and prosperity. It is also a means to further opportunities for greater social development and societal wellbeing. In this study World Bank’s information spanning from 1972 to 2011 is used, and the premise of education’s role in economic growth is tested by studying Granger’s causality of education spending in both developed and developing countries. While countries with high growth rates invest more in education, such increased educational spending does neither imply nor determine necessarily an increased growth. This result sheds doubts on the efficacy of government spending in education and its role in the economic growth of nations. The work presented aims to contribute from the public policy perspective, leaving open the possibilities for future, more disaggregated studies on this subject.
@InProceedings{TAPIA2017DOE,
author = {Tapia, J. and Sierra, A. and Valenzuela, L.},
title = {DOES EDUCATION SPENDING REALLY ACCELERATE GROWTH? A COMPARISON OF DEVELOPED AND DEVELOPING COUNTRIES},
series = {9th International Conference on Education and New Learning Technologies},
booktitle = {EDULEARN17 Proceedings},
isbn = {978-84-697-3777-4},
issn = {2340-1117},
doi = {10.21125/edulearn.2017.1954},
url = {http://dx.doi.org/10.21125/edulearn.2017.1954},
publisher = {IATED},
location = {Barcelona, Spain},
month = {3-5 July, 2017},
year = {2017},
pages = {4420-4426}}
TY - CONF
AU - J. Tapia AU - A. Sierra AU - L. Valenzuela
TI - DOES EDUCATION SPENDING REALLY ACCELERATE GROWTH? A COMPARISON OF DEVELOPED AND DEVELOPING COUNTRIES
SN - 978-84-697-3777-4/2340-1117
DO - 10.21125/edulearn.2017.1954
PY - 2017
Y1 - 3-5 July, 2017
CI - Barcelona, Spain
JO - 9th International Conference on Education and New Learning Technologies
JA - EDULEARN17 Proceedings
SP - 4420
EP - 4426
ER -
J. Tapia, A. Sierra, L. Valenzuela (2017) DOES EDUCATION SPENDING REALLY ACCELERATE GROWTH? A COMPARISON OF DEVELOPED AND DEVELOPING COUNTRIES, EDULEARN17 Proceedings, pp. 4420-4426.
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