Growth and inequality under different hierarchical education regimes

Magalhaes, Graziella; Turchick, David

doi:10.1016/j.econmod.2022.105992

Cited by 4 publications

(2 citation statements)

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“…A stream of endogenous growth models research has been focussing on investment in education for human capital formation fostering economic growth, reducing inequality, and promoting individual well-being (Annabi, 2017). One strand within the stream focusses on public and private investments in education and their impact (see Bräuninger, and Vidal, 2000;Arcalean and Schiopu, 2010;Magalhães and Turchick, 2022). The focus of the research in this strand has been the impact of education on either growth or inequality or both.…”

Section: Cointegration and Causality Analysismentioning

confidence: 99%

“…The focus of the research in this strand has been the impact of education on either growth or inequality or both. Further, such impact is analysed through combinations of private and public expenditure on two different stages of education: school (k-12) and post-secondary or higher education (see Bräuninger, and Vidal, 2000;Arcalean and Schiopu, 2010;Annabi et al, 2011;Magalhães and Turchick, 2022).…”

Section: Cointegration and Causality Analysismentioning

confidence: 99%

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Private and Public Expenditure on Education in India

Motkuri,

Revathi

2024

IPPR

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This paper examined the trends in private and public expenditure on education in India during the last seven decades. The analysis is based on public expenditure on education compiled by Ministry of Education, Government of India, that includes expenditure incurred by education department as well as by all other departments on education and training-related programmes and activities. The private final consumption expenditure (PFCE) on education as estimated by the national accounts and statistics (NAS) is the base for private expenditure on education. It is observed from the analysis that India’s spending on education reached its peak in the recent past. Public and private expenditure on education are respectively equivalent to 3.9% and 2.7% of its GDP in 2018-19. Together, the country’s spending on education is equivalent to 6.6% of GDP. A notable trend over the past three decades is that private expenditure on education is growing faster than that of the public. The ratio of public to private in terms of expenditure on education has declined during this period. This reflects increasing privatisation of education in India, and has far reaching policy implications.

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