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The Impact of Public Spending for Education on Sustainable Economic Growth in Asian Countries

In: Recent Developments in Vietnamese Business and Finance

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  • Minh Tuan Truong

Abstract

This chapter focuses on the impact of public spending on education on sustainable economic growth. For this objective, the research analyzes the response function of the panel data analysis method with the Pool OLS model, FEM, and REM, gathering data from six Asian countries in the period from 2010 to 2016. The results show that public spending for education, labor, and globalization index has a positive impact on sustainable economic growth; private investment has an opposite effect; while health spending variables, inflation, and savings are not statistically significant.

Suggested Citation

  • Minh Tuan Truong, 2021. "The Impact of Public Spending for Education on Sustainable Economic Growth in Asian Countries," World Scientific Book Chapters, in: Dong Phong Nguyen & Xuan Vinh Vo & Viet Tien Ho & Mai Dong Tran (ed.), Recent Developments in Vietnamese Business and Finance, chapter 24, pages 611-622, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811227158_0024
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    More about this item

    Keywords

    Vietnam; Business; Finance; Economy; Economics; Banking; Gender Equality; Management; Business Research;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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