Secondary Education, Economic Growth and Finance
Political Economy - Development: Domestic Development Strategies eJournal, 2020
The purpose of this research is to determine the relationship among education, education finance ... more The purpose of this research is to determine the relationship among education, education finance and economic growth on the basis of secondary education. In the research, the number of students enrolled in secondary education is the indicator of education, net government education expenditures per student is the education finance variable and per capita GDP is the growth variable. The research included on 30 countries participating in the PISA 2015 exam. The data cover between the years 1998-2015. Since the study has unit and time data, panel model was preferred and cointegration test was applied. DOLS and FMOLS methods were used to estimate the coefficients. Our findings suggest, there is a negative relationship between education and education finance across the panel. However, there is a mutual positive relationship between 'finance and growth' and 'education and growth'. In countries that have higher scores than the OECD average, the situation is the same as that ...
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Papers by Erdal Gumus