Empirical Analysis on Public Expenditure for Education and Economic Growth: Evidence from Indonesia

Suwandaru, Agung; Alghamdi, Thamer; Nurwanto, Nurwanto

doi:10.3390/economies9040146

Cited by 25 publications

(12 citation statements)

References 56 publications

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“…The implication is that domestic investment is necessary for the overhaul growth and development of the African continent. The results, therefore, conform with the findings of past empirical studies (Etokakpan et al, 2020;Li et al, 2022;Suwandaru et al, 2021;Zaman et al, 2021).…”

Section: Discussion Of Resultssupporting

confidence: 91%

Modeling Green Energy Consumption and Natural Resources Rents Impacts on Economic Growth in Africa: An Analysis from the Dynamic Panel ARDL Models and the Feasible Generalized Least Squares Estimator

Mumuni¹,

Mwimba²

2022

Preprint

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The concept of green energy is now at the forefront of development discourse, with the United Nations Sustainable Development Goals (SDGs) 7, 11, and 12 all aimed at promoting green energy consumption to combat the three planetary crises: climate change, biodiversity loss, and pollution. Similarly, issues regarding Africa’s natural resource curse have caused a stir in the growth and development literature for some time now and there is no sign that it will die out. This study, the first of its kind, simultaneously assesses the impact of green energy consumption and Africa’s natural resources rents on economic growth by applying the Feasible Generalized Least Square (FGLS) estimator and the dynamic panel models of the Pooled Mean Group (PMG) and Mean Group (MG) estimators on data from 1990 to 2020 for 24 selected African countries. The results show that green energy consumption has a short-run growth-limiting effect and a long-run growth-enhancing effect in Africa. The study also found evidence of the natural resource curse phenomenon in Africa. The study, therefore, calls for the advancement and usage of green energy for both domestic and industrial production in Africa. The study further calls for a revamp in the global tax policy to curb illicit financial activities and strengthening institutional quality for transparency and accountability in the entire value chain of natural resource management in Africa.

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Section: Discussion Of Resultssupporting

confidence: 91%

Modeling Green Energy Consumption and Natural Resources Rents Impacts on Economic Growth in Africa: An Analysis from the Dynamic Panel ARDL Models and the Feasible Generalized Least Squares Estimator

Mumuni¹,

Mwimba²

2022

Preprint

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“…The R-squared value is 0.99, which allows us to establish that the model used is robust and appropriate, so we proceed to the interpretation of the coefficients. Similar to the results found by (Nketiah-Amponsah 2009) in Ghana, (Kouton 2018) in Côte d'Ivoire and (Suwandaru et al 2021) in Indonesia, this study shows that public spending on education has no statistically significant effect on economic growth in Honduras. In this research, government expenditure on education as a percentage of GDP (EDUGDP) obtained a coefficient of 0.1642531 (p-value = 0.075), while government expenditure on education as a percentage of government expenditure (EDUEXP) reflects a coefficient of 0.0061939 (p-value = 0.550).…”

Section: Resultssupporting

confidence: 89%

Empirical Analysis on Public Expenditure for Education, Human Capital and Economic Growth: Evidence from Honduras

Villela

Paredes

2022

Economies

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The objective of this study is to evaluate the relationship between public expenditure for education and human capital on economic growth in Honduras from 1990 to 2020, using the instrumental variables (IV) method, which incorporates the components of public spending on education and human capital, in addition to a set of control variables. The time series were extracted from the World Bank online databases. The results show that there is no correlation between public expenditure for education and economic growth; they also suggest that human capital is not contributing to economic growth, confirming that human capital accumulation is not fully developing. Finally, of the set of control variables considered key by the literature and on which social and economic development depends to a large extent, these would be preventing sustained economic growth, so the government and the population have enormous challenges to overcome.

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“…Education in Nigeria attracts considerable portion of public expenditure because of its position as a social service with direct economic significance and generally acclaimed positive spillover effects. According to Suwandaru, Alghamdi and Nurwanto [12] public expenditure on education has an insignificant relationship in the long run and short run estimation, they went further to attest that both have different directions, which is a positive relationship in a long run and a negative relationship in a short term estimation, nevertheless gross fixed capital formation shows a positive relationship, and the labour variable has a negative relationship in the short and long terms. Given all these huge investment inculcation, the question is what is the contribution of education in Nigerian economic development.…”

Section: Economics Of Education In Nigeriamentioning

confidence: 98%

Higher Education and Africa's Economic Development: Challenges for the Nigerian Economy

Machi,

Okechukwu,

Okafor

et al. 2023

AJEBA

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The paper tried to determine the impact of higher education and Africa's economic development: challenges for the Nigerian economy. It was observed from the study that high quality and of course market relevant education is capable of providing a genuine cure to economic problems. The paper employed the Solow growth model where on the process to promote economic growth and development, factors of production like capital and labour are employed. However the efficient use of these factors (capital and labour) demands that the workers are well trained and skillful through education. This study assumes a straight forward production function in which changes in output are due to changes in the quantity and quality of inputs, economies of scale and advances in knowledge. The findings of the study suggest that some of the chosen variables conform to theoretical predictions and as such affect economic development. The researcher recommends governments can induce changes in labour demand and supply through specific labour market policies and social protection programmes and offering opportunities for workers to upgrade their skills, and offering education and training at an affordable cost, help raise a corporation's and an economy's productivity and also Educational budget allocation stakeholders should focus more on increasing capital expenditure, recurrent expenditure, and human capital development to foster economic growth in the country.

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Empirical Analysis on Public Expenditure for Education and Economic Growth: Evidence from Indonesia

Cited by 25 publications

References 56 publications

Modeling Green Energy Consumption and Natural Resources Rents Impacts on Economic Growth in Africa: An Analysis from the Dynamic Panel ARDL Models and the Feasible Generalized Least Squares Estimator

Modeling Green Energy Consumption and Natural Resources Rents Impacts on Economic Growth in Africa: An Analysis from the Dynamic Panel ARDL Models and the Feasible Generalized Least Squares Estimator

Empirical Analysis on Public Expenditure for Education, Human Capital and Economic Growth: Evidence from Honduras

Higher Education and Africa's Economic Development: Challenges for the Nigerian Economy

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