연구정보
Government spending in education and economic growth in Cameroon:a Vector error Correction Model approach
아프리카ㆍ 중동 일반 국외연구자료 기타 Douanla Tayo, Lionel and Abomo Fouda, Marcel Olivier MPRA 발간일 : 2015-02-12 등록일 : 2015-02-16 원문링크
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.