Dundee Discussion Papers in Economics 273: The relationship between public education expenditure and economic growth: The case of India

Sayantan Ghosh Dastidar (Lead / Corresponding author), Sushil Mohan, Monojit Chatterji

    Research output: Working paper/PreprintDiscussion paper

    Abstract

    The paper reviews the theoretical and the empirical case for public investment in education in India. Though the theoretical literature provides a backing for such a policy, the empirical literature fails to find a robust relation between education expenditure and growth. Expenditure on education is a necessary but not a sufficient condition for growth. It seems that the effectiveness of education expenditure depends on the institutional and labour market characteristics of the economy. The effectiveness of education investments also depends on other factors such as trade openness. Due to these aforesaid factors, we argue that the empirical relation between education expenditure and
    growth for India has been inconsistent.
    Original languageEnglish
    PublisherUniversity of Dundee
    Number of pages14
    Publication statusPublished - Dec 2012

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.273
    ISSN (Print)1473-236X

    Keywords

    • Public education expenditure
    • economic growth
    • trade openness
    • India

    Fingerprint

    Dive into the research topics of 'Dundee Discussion Papers in Economics 273: The relationship between public education expenditure and economic growth: The case of India'. Together they form a unique fingerprint.

    Cite this