The relationship between government expenditure on education and economic growth the case of France

The aim of this study is to investigate the long-run equilibrium relationship between economic growth, capital, labor, and government expenditure on education between the years of 1970 and 2012 for the case of France. Johansen co-integration test results suggest the existence of the long-run equilib...

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Veröffentlicht in:	Annual Conference on Finance and Accounting (18. : 2017 : Prag) The impact of globalization on international finance and accounting
1. Verfasser:	Özataç, Nesrin (VerfasserIn)
Weitere Verfasser:	Taspinar, Nigar (VerfasserIn), El Rifai, Oubayda (VerfasserIn), Eren, Baris Memduh (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2018
Schlagworte:	Co-integration > Economic growth > Education > Aufsatz im Buch > Kongressbeitrag
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Zusammenfassung:	The aim of this study is to investigate the long-run equilibrium relationship between economic growth, capital, labor, and government expenditure on education between the years of 1970 and 2012 for the case of France. Johansen co-integration test results suggest the existence of the long-run equilibrium relationship between variables. Existence of the co-integration relationship indicates that capital, labor, and government expenditure on education are long-run determinants of GDP for the case of France. Granger causality test results suggest that there is a bidirectional long-run causality between GDP and gross capital formation. In addition, there are long-run unidirectional causalities which run from labor and expenditure on education to GDP and from labor and expenditure to capital. Results of the study suggest the existence of education-induced economic growth for the case of France.
ISBN:	9783319886558 9783319687612 3319687611