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Mohamed Ben Mimoun and Asma Raies
''Education and economic growth: the role of public expenditures allocation ''
( 2009, Vol. 29 No.3 )
We show in this paper that GDP per-capita growth is more likely affected by the accumulation of education at the higher schooling levels in both OECD and DCs. However, in terms of the public funds allocation, this result does not prevent public education expenditures to be reallocated from higher toward basic schooling levels in DCs. Indeed, such a reallocation would improve the quality of education at the basic stages of education, which should be, in turn, accompanied by a faster accumulation of human capital at the higher schooling stages and faster economic growth.
Keywords: expenditures allocation, economic growth
JEL: H5 - National Government Expenditures and Related Policies National Government Expenditures and Related Policies: General
I2 - Education: General
Manuscript Received : Jul 22 2009 Manuscript Accepted : Sep 23 2009

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