Panel estimation for the relationship between education expenditure and economic growth for OECD countries

Zeynep  Karaçor; Burcu  Güvenek; Esra  Ekinci; Sevilay  Konya

doi:10.23762/FSO_VOL6NO2_18_1

Published : 2019-06-14

Vol. 6 No. 2 (2018)

Panel estimation for the relationship between education expenditure and economic growth for OECD countries

Zeynep Karaçor

Burcu Güvenek

Esra Ekinci

Sevilay Konya

DOI: https://doi.org/10.23762/FSO_VOL6NO2_18_1

Abstract

Abstract. Education, which is one of the important dynamics of human capital along with health, plays an important role in this context. Increasing the level of success comes through higher standards of education, recruitment of qualified workers, better employment opportunities and increased earnings which are significant contributors to growth and prosperity in OECD countries. In this study, the relationship between educational expenditures and economic growth for 19 selected OECD countries is analysed using the panel data method.

Keywords:

educational expenditures, growth, panel data analysis

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Karaçor, Z. ., Güvenek, B. ., Ekinci, E. ., & Konya, S. . (2019). Panel estimation for the relationship between education expenditure and economic growth for OECD countries. Forum Scientiae Oeconomia, 6(2), 7–20. https://doi.org/10.23762/FSO_VOL6NO2_18_1

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Zeynep Karaçor

zkaracor@selcuk.edu.tr

Affiliation:

Selçuk University, Konya, Turkey

Bio Statement (e.g., department and rank)

Zeynep Karaçor is a Professor at the Faculty of Economics and Administrative Sciences, University of Selçuk, Turkey. Her main research interests include economics.

Burcu Güvenek

burcuguvenek@selcuk.edu.tr

Affiliation:

Selçuk University, Konya, Turkey

Bio Statement (e.g., department and rank)

Burcu Güvenek is an Associate Professor at the Faculty of Economics and Administrative Sciences, University of Selçuk, Turkey. Her main research interests include economics.

Esra Ekinci

esra_ekinci65@hotmail.com

Affiliation:

Selçuk University, Konya, Turkey

Bio Statement (e.g., department and rank)

Esra Ekinci is a Master’s student at the University of Selçukin Konya, Turkey. Her main research interests include economics.

Sevilay Konya

sevilaykonya@selcuk.edu.tr

Affiliation:

Selçuk University, Konya, Turkey

Bio Statement (e.g., department and rank)

Sevilay Konya is a Lecturer at the Taşkent vocational School, University of Selçuk, Turkey. She is a Ph.D candidate. Her main research interests include economics.