Effects of Government Education and Health Expenditures on Economic Growth: A Meta-Analysis

27 Pages Posted: 22 Nov 2015

See all articles by Sefa Awaworyi Churchill

Sefa Awaworyi Churchill

RMIT University - School of Economics, Finance and Marketing

Siew Ling Yew

Monash University

Mehmet Ugur

University of Greenwich

Date Written: July 20, 2015

Abstract

Using a sample of 306 estimates drawn from 31 primary studies, this paper conducts an empirical synthesis of the link between economic growth and government expenditure on education or health using meta-analysis. We also explain the heterogeneity in empirical results. We find that the effect of government education expenditure on growth is positive, whereas the growth effect of government health expenditure is negative. Our meta-regression analysis suggests that factors such as econometric specifications, publication characteristics as well as data characteristics explain the heterogeneity in the literature. We also find no evidence of publication selectivity.

Keywords: Government education expenditure, government health expenditure, human capital, economic growth, meta-analysis

JEL Classification: O40, H50, C1

Suggested Citation

Awaworyi Churchill, Sefa and Yew, Siew Ling and Ugur, Mehmet, Effects of Government Education and Health Expenditures on Economic Growth: A Meta-Analysis (July 20, 2015). Available at SSRN: https://ssrn.com/abstract=2693942 or http://dx.doi.org/10.2139/ssrn.2693942

Sefa Awaworyi Churchill

RMIT University - School of Economics, Finance and Marketing ( email )

Building 80
445 Swanston Street
Melbourne, Victoria 3000
Australia

Siew Ling Yew

Monash University ( email )

23 Innovation Walk
Wellington Road
Clayton, Victoria 3800
Australia

Mehmet Ugur (Contact Author)

University of Greenwich ( email )

30 Park Row
Greenwich
London, SE10 9LS
United Kingdom

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