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The Relationship Between Government Expenditure on Education and Economic Growth: The Case of France

In: The Impact of Globalization on International Finance and Accounting

Author

Listed:
  • Nesrin Ozatac

    (Eastern Mediterranean University)

  • Nigar Taspinar

    (Eastern Mediterranean University)

  • Oubayda Rifai

    (Eastern Mediterranean University)

  • Baris Eren

    (Eastern Mediterranean University)

Abstract

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.

Suggested Citation

  • Nesrin Ozatac & Nigar Taspinar & Oubayda Rifai & Baris Eren, 2018. "The Relationship Between Government Expenditure on Education and Economic Growth: The Case of France," Springer Proceedings in Business and Economics, in: David Procházka (ed.), The Impact of Globalization on International Finance and Accounting, pages 61-70, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-68762-9_7
    DOI: 10.1007/978-3-319-68762-9_7
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