Economics, Econometrics and Finance
7 years ago

Government investment in education fuels economic growth in France.

Springer proceedings in business and economics
The Relationship Between Government Expenditure on Education and Economic Growth: The Case of France
Nesrin Özataç, Nigar Taşpınar, Oubayda El Rifai, Barış Memduh Eren

Paper Summary

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The study looked at how government spending on education in France affects the country's economy. They found that there is a long-term connection between economic growth, capital, labor, and education spending. The results show that education spending, along with capital and labor, plays a role in determining France's GDP. The study also found that there is a two-way relationship between GDP and capital investment, and one-way relationships from labor and education spending to GDP and capital. Overall, the findings suggest that investing in education can help boost economic growth in France.