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Government spending in education and economic growth in Cameroon. A Vector error Correction Model approach

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  • Douanla Tayo, Lionel
  • AbomoFouda, Marcel Olivier

Abstract

This study aims at assessing the effect of government spending in education on economic growth in Cameroon over the period 1980-2012 using a vector error correction model. The estimated results show that these expenditures had a significant and positive impact on economic growth both in short and long run. The estimated error correction model shows that an increase of 1% of the growth rate of private gross fixed capital formation and government education spending led to increases of 5.03% and 10.145 % respectively in the long-run on economic growth . Education spending thus appears as one of the main driving force of the economic growth process in Cameroon.

Suggested Citation

  • Douanla Tayo, Lionel & AbomoFouda, Marcel Olivier, 2016. "Government spending in education and economic growth in Cameroon. A Vector error Correction Model approach," MPRA Paper 61881, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:61881
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    References listed on IDEAS

    as
    1. Risti Permani, 2009. "The Role of Education in Economic Growth in East Asia: a survey," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 23(1), pages 1-20, May.
    2. Azomahou, Theophile & Diene, Bity & Diene, Mbaye, 2009. "Technology frontier, labor productivity and economic growth: Evidence from OECD countries," MERIT Working Papers 2009-059, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Théophile T. Azomahou & Bity Diene & Mbaye Diene, 2009. "Technology frontier, labor productivity and economic growth: Evidence from OECD countries," DEM Discussion Paper Series 09-19, Department of Economics at the University of Luxembourg.
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    More about this item

    Keywords

    Economic growth; VECM.;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies

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