Analysis of the Relationship Between Adjustment Savings: Education Expenditures and Economic Growth for USA

Authors : Guldenur ÇETİN

Pages : 1-9

View : 153 | Download : 151

Publication Date : 2023-06-30

Article Type : Research Paper

Abstract :The level of education of individuals has an important place among social development indicators and is also considered an indicator of human capital characteristics in terms of individuals participating in production processes. In a way, the level of education and the progress in the quality of education are also tried to be measured by the expenditures and investments made in education. This affects not only the level of development or the sociological structure of societies, but also their general economic situation and macroeconomic balance. In fact, whether education expenditures are also an indicator of economic growth is the subject of both theoretical and econometric studies. However, whether the education expenditures in question affect economic growth or whether countries that reach a certain level of economic growth allocate more budget for education expenditures are among the issues frequently analyzed in the literature. In particular, changes in the economic growth levels or rates of countries as a result of the reflection of savings on education are data that should be taken into account to measure this relationship. In this context, this study analyzes adjusted savings: education expenditures and economic growth data for the United States. The aim of the study is to investigate whether there is a relationship between education expenditures and economic growth for the US. ARDL test was applied for the period 1970-2020. As a result of the analysis, it was found that the adjusted savings: education expenditures variable affects economic growth.
Keywords : Eğitim Harcamaları, Ekonomik Büyüme, ARDL