Araştırma Makalesi

Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method

Cilt: 26 Sayı: 3 25 Aralık 2024
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Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method

Öz

Abstract The study aimed to examine whether education expenditures, basic education expenditures, secondary education expenditures and advanced education expenditures affect economic growth. In the study covering the duration 1990-2023, 6 major economies with complete data were considered. The econometric analysis first started with the correlation test of the series, and in the presence of correlation, the second-generation unit root test was applied, and in the absence of correlation, the first generation unit root test was applied. The presence of a cointegrated relationship in our research model allowed us to make long-term coefficient estimation. According to long-term coefficients, education expenditures, advanced and secondary education expenditures negatively affect economic growth; basic education expenditures have a positive impact. According to Dumitrescu and Hurlin Panel causality test; While a one-way causality relationship was detected between education expenditures, basic education expenditures, secondary education expenditures and economic growth; A bidirectional causality relationship was found between further education expenditures and economic growth.

Anahtar Kelimeler

Kaynakça

  1. Aghion, P., Boustan, L., Hoxby, C., & Vandenbussche, J. (2009). The causal impact of education on economic growth: Evidence from US. Brookings Papers on Economic Activity, 2009(1), 1-73.
  2. Altun, A. (2010). Kanada’daki medya okuryazarlığı eğitimi üzerine bir değerlendirme. Abant İzzet Baysal Üniversitesi Eğitim Fakültesi Dergisi, 10 (2), 41-57.
  3. Barro, R. J. (1991). Statistics Canada. (2022). Educational Expenditure in Canada. Retrieved from [https://www.statcan.gc.ca] (https://www.statcan.gc.ca) Barro, R. J. (1991). (Economic Growth in a Cross Section of Countries. Quarterly Journal of Economics, 106(2), 407-443.
  4. Bayraktar, Y., Dündar, N., & Özyılmaz, A. (2022). The relationship between R&D expenditures and economic growth in BRICS-T countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 17(3), 893-910.
  5. Bayraktar, Y., Ozyılmaz, A., & Toprak, M. (2017). Regional analysis of impact of employment on inequality and growth in information and technology intensive sectors. Journal of Economics Finance and Accounting, 4(2), 209-216.
  6. Bayraktar, Y., Ozyilmaz, A., Toprak, M., Olgun, M. F., & Isik, E. (2023). The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies. Borsa Istanbul Review, 23(6), 1303-1321.
  7. Bundesministerium für Bildung und Forschung. (2022). *Bildung und Forschung in Zahlen*. Retrieved from [https://www.bmbf.de](https://www.bmbf.de) Büyükakın, F., & Jallow, L. (2019). Ticari açıklık ile ekonomik büyüme arasındaki ilişkinin değerlendirilmesi: Gambiya örneği. Iğdır Üniversitesi Sosyal Bilimler Dergisi, (EK SAYI (2019)), 441-475.
  8. Cahuc, P., & Zylberberg, A. (2004). Labor Economics. MIT Press. Checchi, D. (2006). The economics of education: Human capital, family background and inequality. Cambridge University Press. Canadian Council on Learning. (2021). The State of Early Childhood Education in Canada. Retrieved from [https://www.ccl-cca.ca](https://www.ccl-cca.ca) Ciccone, A., & Papaioannou, E. (2009). Human capital, the structure of production, and growth. The Review of Economics and Statistics, 91(1), 66-82.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mikro İktisat (Diğer)

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

15 Aralık 2024

Yayımlanma Tarihi

25 Aralık 2024

Gönderilme Tarihi

30 Ağustos 2024

Kabul Tarihi

29 Kasım 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 26 Sayı: 3

Kaynak Göster

APA
Bal, H. Ç., & Yılmaz, M. (2024). Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 26(3), 893-914. https://doi.org/10.26745/ahbvuibfd.1539155
AMA
1.Bal HÇ, Yılmaz M. Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method. AHBVÜ İİBF Dergisi. 2024;26(3):893-914. doi:10.26745/ahbvuibfd.1539155
Chicago
Bal, Hasan Çebi, ve Meryem Yılmaz. 2024. “Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 26 (3): 893-914. https://doi.org/10.26745/ahbvuibfd.1539155.
EndNote
Bal HÇ, Yılmaz M (01 Aralık 2024) Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 26 3 893–914.
IEEE
[1]H. Ç. Bal ve M. Yılmaz, “Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method”, AHBVÜ İİBF Dergisi, c. 26, sy 3, ss. 893–914, Ara. 2024, doi: 10.26745/ahbvuibfd.1539155.
ISNAD
Bal, Hasan Çebi - Yılmaz, Meryem. “Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 26/3 (01 Aralık 2024): 893-914. https://doi.org/10.26745/ahbvuibfd.1539155.
JAMA
1.Bal HÇ, Yılmaz M. Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method. AHBVÜ İİBF Dergisi. 2024;26:893–914.
MLA
Bal, Hasan Çebi, ve Meryem Yılmaz. “Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 26, sy 3, Aralık 2024, ss. 893-14, doi:10.26745/ahbvuibfd.1539155.
Vancouver
1.Hasan Çebi Bal, Meryem Yılmaz. Do Education Expenditures Affect Economic Growth? Testing With Panel Data Analysis Method. AHBVÜ İİBF Dergisi. 01 Aralık 2024;26(3):893-914. doi:10.26745/ahbvuibfd.1539155