The Nexus Between Public Spending on Education and Economic Growth of Kosovo (Econometric Approach)
| Autor: | Rrezarta Gashi, Besime Ziberi, Mimoza Hodaj |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
HF5001-6182
Higher education media_common.quotation_subject Public expenditure Gross domestic product Order (exchange) Agency (sociology) Development economics Economics Business b22 HB71-74 b23 media_common education Variables business.industry 05 social sciences ols 050301 education sustainability public spending economic growth Economics as a science 050903 gender studies Sustainability 0509 other social sciences business 0503 education Nexus (standard) |
| Zdroj: | Economics and Business, Vol 34, Iss 1, Pp 285-296 (2020) |
| ISSN: | 2256-0394 1407-7337 |
| DOI: | 10.2478/eb-2020-0019 |
| Popis: | The main aim of this study is to analyze the trend of public spending dedicated to education in case of Kosovo over the years and to measure the impact of public spending in education on economic growth of Kosovo. In order to achieve the goal, the Pearson Correlation is used and a multifactorial regression model (OLS) has been modified and adapted, where we have determined the Gross Domestic Product (GDP) as depended variable and as independent variable in the model conclude: (i) Total public expenditure on education (ii) Public expenditure on Secondary Education and (iii) Public expenditure on Higher Education (University). The data used is secondary data from the Kosovo’s State Budget, Ministry of Finance and Transfers, and Kosovo Agency of Statistics. We come in conclusion that public spending dedicated to the Higher Education (University) has a positive impact on Kosovo's economic growth meanwhile the public spending on secondary education and total public expenditure on education in the model circumstances show no significance. The paper comes with further recommendations on public spending policies dedicated to education in order to influence Kosovo's economic growth. |
| Databáze: | OpenAIRE |
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