Does public expenditure on education promote Tunisian and Moroccan GDP per capita? ARDL approach

This paper aims to analyze the impact of public education expenditures on GDP per capita of Tunisia and Morocco during the period 1980–2015. This study is based on the Auto-Regressive Distributive Lags (ARDL) approach that is proposed by Pesaran et al. The empirical estimate yields interesting results. In the short term, the relationship between public spending on education and GDP per capita in Morocco is positive while it is negative in Tunisia. In the long term, by contrast, public expenditure on education serves to increase the GDP per capita of the two countries, but more intensively so in Morocco than in Tunisia.