Government Spending in Education and Economic Growth in Cameroon: A Vector Error Correction Model Approach

  • Tayo Lionel DOUANLA Yaoundé 2 University
  • Fouda Marcel Olivier ABOMO Yaoundé 2 University

Abstract

This study aims at assessing the effect of government spending in education on economic growth in
Cameroon over the period 1980-2012 using a vector error correction model. The estimated results show that
these expenditures had a significant and positive impact on economic growth both in short and long run. The
estimated error correction model shows that an increase of 1% of the growth rate of private gross fixed capital
formation and government education spending led to increases of 5.03% and 10.145 % respectively in the long-run on economic growth. Education spending thus appears as one of the main driving force of the economic
growth process in Cameroon.

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Published
2015-02-07
How to Cite
DOUANLA, Tayo Lionel; ABOMO, Fouda Marcel Olivier. Government Spending in Education and Economic Growth in Cameroon: A Vector Error Correction Model Approach. Journal of Research in Educational Sciences, [S.l.], v. 7, n. 8, p. 12 - 18, feb. 2015. ISSN 2068-8407. Available at: <https://journals.aserspublishing.eu/jres/article/view/445>. Date accessed: 22 jan. 2022.