More Money in Education Makes Economy Best?
This paper investigates the relationship between government expenditure on education and labour force participation rate over the period 1970–2010 in Mediterranean economies of Europe area, usually refer to PIGS economies. The study employs a Data Envelope Analysis (DEA) to briefly describe some ev...
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2013-12-01
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| Series: | Statistika: Statistics and Economy Journal |
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| Online Access: | https://www.czso.cz/documents/10180/23164307/180213q4063.pdf/f1364928-8ca4-466c-a2cf-fc4b9bc97a25?version=1.0 |
| _version_ | 1819202753734377472 |
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| author | Rita Lima |
| author_facet | Rita Lima |
| author_sort | Rita Lima |
| collection | DOAJ |
| description | This paper investigates the relationship between government expenditure on education and labour force participation rate over the period 1970–2010 in Mediterranean economies of Europe area, usually refer to PIGS economies. The study employs a Data Envelope Analysis (DEA) to briefly describe some evidence on functioning and dynamics of labour markets and to evaluate the efficiency of use of knowledge as strategy to increase the growth. The DEA results of PIGS are compared with DEA on three developed economies of Europe (UK, Netherlands and France). In addition, the paper uses a time series approach to investigate the long term relationship between human capital and its employability applying the vector autoregressive (VAR) method and the Granger-Causality test. It has been found that the investment in education could be a prerequisite for sustainable growth and make it easier to achieve societal objectives, especially in the weakest growing countries. |
| first_indexed | 2024-12-23T04:09:02Z |
| format | Article |
| id | doaj.art-2f7237074a8f428da5e703c54e5c6778 |
| institution | Directory Open Access Journal |
| issn | 1804-8765 1804-8765 |
| language | English |
| last_indexed | 2024-12-23T04:09:02Z |
| publishDate | 2013-12-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-2f7237074a8f428da5e703c54e5c67782022-12-21T18:00:33ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal1804-87651804-87652013-12-019346384More Money in Education Makes Economy Best?Rita Lima0ISTAT, Rome, ItalyThis paper investigates the relationship between government expenditure on education and labour force participation rate over the period 1970–2010 in Mediterranean economies of Europe area, usually refer to PIGS economies. The study employs a Data Envelope Analysis (DEA) to briefly describe some evidence on functioning and dynamics of labour markets and to evaluate the efficiency of use of knowledge as strategy to increase the growth. The DEA results of PIGS are compared with DEA on three developed economies of Europe (UK, Netherlands and France). In addition, the paper uses a time series approach to investigate the long term relationship between human capital and its employability applying the vector autoregressive (VAR) method and the Granger-Causality test. It has been found that the investment in education could be a prerequisite for sustainable growth and make it easier to achieve societal objectives, especially in the weakest growing countries.https://www.czso.cz/documents/10180/23164307/180213q4063.pdf/f1364928-8ca4-466c-a2cf-fc4b9bc97a25?version=1.0Human capitalexpenditure on educationdata envelope analysisgranger-causality testVAR |
| spellingShingle | Rita Lima More Money in Education Makes Economy Best? Statistika: Statistics and Economy Journal Human capital expenditure on education data envelope analysis granger-causality test VAR |
| title | More Money in Education Makes Economy Best? |
| title_full | More Money in Education Makes Economy Best? |
| title_fullStr | More Money in Education Makes Economy Best? |
| title_full_unstemmed | More Money in Education Makes Economy Best? |
| title_short | More Money in Education Makes Economy Best? |
| title_sort | more money in education makes economy best |
| topic | Human capital expenditure on education data envelope analysis granger-causality test VAR |
| url | https://www.czso.cz/documents/10180/23164307/180213q4063.pdf/f1364928-8ca4-466c-a2cf-fc4b9bc97a25?version=1.0 |
| work_keys_str_mv | AT ritalima moremoneyineducationmakeseconomybest |