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- Publisher
- de Gruyter
- Copyright
- ©2017 Walter de Gruyter GmbH, Berlin/Boston
- ISSN
- 1935-1690
- eISSN
- 1935-1690
- DOI
- 10.1515/bejm-2016-0109
- Publisher site
- See Article on Publisher Site
Abstract
AbstractUsing a sample of 237 estimates drawn from 29 primary studies, we conduct a hierarchical meta-regression analysis that examines the association between economic growth and government expenditure on education. We find that the effect of government education expenditure on growth is positive for developed countries. However, when the evidence pertains to less developed countries (LDCs), we find a statistically insignificant association. We also examine the heterogeneity in empirical results and found that factors such as econometric specifications, publication characteristics as well as data characteristics explain the heterogeneity in the literature. We find no evidence of publication selectivity.
Journal
The B.E. Journal of Macroeconomics – de Gruyter
Published: May 25, 2017