Tang, Tuck Cheong and Lai, Siow Li (2022) Government spending on tertiary education, knowledge, technology, and economic growth. Journal of Economic Development, 47 (4). 99 -122. ISSN 0254-8372,
Full text not available from this repository.Abstract
This study examines the role of government spending on tertiary education in promoting economic growth through knowledge creation and technology for panel data from 71 countries (1998-2014). This transmission channel is supported by Granger non-causality tests on high-income groups only. Both all panels (all countries) and upper-middle-income groups demonstrated direct causation from the government’s support of tertiary education to economic growth and vice versa. Additionally, the lower-middle-income group acknowledged the importance of government spending on tertiary education to stimulate output via interaction between knowledge and technology. These findings remain feasible with the inclusion of the governance variable. This study adds new findings and offers relevant policy insights, especially in the era of a knowledge-based economy. © 2022,International Journal of Economics and Finance Studies. All Rights Reserved.
| Item Type: | Article |
|---|---|
| Funders: | None |
| Uncontrolled Keywords: | Economic growth; Government spending; Knowledge; Technology; Tertiary Education |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 24 Nov 2023 08:13 |
| Last Modified: | 24 Nov 2023 08:13 |
| URI: | http://eprints.um.edu.my/id/eprint/44055 |
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