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Linkages between education expenditure and economic growth: evidence from ‘Chindia’

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dc.contributor.authorHarpaljit Kaur
dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T20:05:41Z
dc.date.available2016-06-06
dc.date.available2016-07-25T20:05:41Z
dc.date.disclosure2016-06-10
dc.date.issued2014
dc.description.abstractThis paper examines the relationship between education expenditure and economic growth in China and India by employing annual data from 1970 to 2005. This study utilizes multi econometric tools such as the Johansen-Juselius (1990) co-integration test, Ordinary Least Square (OLS) method, Dynamic Ordinary Least Square (DOLS), Vector Error Correction Model (VECM) as well as variance decomposition to obtain a robust and consistent result. The findings indicate that there exists a long run trending relationship between income level (Gross Domestic Product per capita (GDPpc) and education expenditure in both China and India. In the long run, a unidirectional causal relationship could be detected for both countries, running from income level to education expenditure for the case of China, while for the case of India education expenditure Granger causes income level. The results are robust and consistent across all methods.
dc.identifier.citationKaur, H., Abdul Hamid, B., & Habibullah, M. S. (2014). Linkages between education expenditure and economic growth: evidence from ‘Chindia’. Journal of Business Management and Economics, 5(5), pp. 109-119.
dc.identifier.issn2141-7482
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/1369
dc.languageEnglish
dc.language.isoeng
dc.publisherTaylor & Francis
dc.rights2014. Taylor & Francis
dc.sourceCRP
dc.subjectEducation expenditure
dc.subjectEconomic growth
dc.subjectChina
dc.subjectIndia
dc.subjectDOLS
dc.subjectVECM
dc.titleLinkages between education expenditure and economic growth: evidence from ‘Chindia’
dc.typeJournal Article
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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