Education Expenditures and Growth: Is R&D the link?

IF 3.5 2区经济学 Q1 ECONOMICS

Journal of Policy Modeling Pub Date : 2025-03-01 DOI:10.1016/j.jpolmod.2025.01.003

Danai Diakodimitriou , Alexandros Tsioutsios , Theofanis Papageorgiou

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引用次数: 0

Abstract

This article empirically investigates the relationship between education expenditures and economic growth. The study focuses on European countries with different models of state intervention, i.e. Germany, France, Greece, Italy, Spain, and Portugal, for the period 1996–2019, employing econometric techniques, such as adaptive LASSO and 3SLS model. The study finds that education expenditure significantly influences GDP per capita identifying the R&D expenditures as the main channel through which education expenditures influence economic growth. The findings are consistent throughout the sample. Also, we extend the existing literature, as the first research to empirically identify R&D expenditures as the key channel, leading to useful insights for policy makers, regarding economic growth. Specifically, it indicates that strategic funding allocation in education, particularly paired with R&D, should boost economic growth and resilience. This positive outcome leads to optimized allocation of public expenditures for innovation and competitiveness.

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教育支出与增长：研发是其中的联系吗？

本文对教育支出与经济增长的关系进行了实证研究。本研究采用自适应LASSO和3SLS模型等计量经济学技术，以1996-2019年不同国家干预模式的欧洲国家为研究对象，即德国、法国、希腊、意大利、西班牙和葡萄牙。研究发现，教育支出显著影响人均GDP，研发支出是教育支出影响经济增长的主要渠道。调查结果在整个样本中是一致的。此外，我们扩展了现有文献，作为第一个实证研究，确定研发支出是经济增长的关键渠道，从而为政策制定者提供有关经济增长的有用见解。具体来说，它表明教育的战略资金分配，特别是与研发相结合，应该促进经济增长和弹性。这一积极结果导致公共支出在创新和竞争力方面的优化配置。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Policy Modeling ECONOMICS-

CiteScore

6.20

自引率

11.40%

发文量

期刊介绍： The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.