Economics, Econometrics and Finance
8 years ago

Government boosting education spending over social programs drives long-term growth.

RePEc: Research Papers in Economics
Can a Government Enhance Long-run Growth by Changing the Composition of Public Expenditure?
Santiago Acosta‐Ormaechea, Atsuyoshi Morozumi

Paper Summary

A government can boost long-term growth by increasing spending on education while reducing spending on health and social protection. However, investing more in infrastructure does not necessarily lead to higher growth if it means cutting back on education and social spending.

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