Education Expenditure and Economic Growth in Mauritius: An Application of the Bounds Testing Approach

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dc.contributor.authorSunde, Tafirenyika
dc.date.accessioned2017-10-11T07:04:51Z
dc.date.available2017-10-11T07:04:51Z
dc.date.issued2017
dc.description.abstractThis study examines the relationship between education expenditure and economic growth in Mauritius. The study employed the ARDL bounds testing methodology for the period 1976 to 2016. The study found that education expenditure Granger causes economic growth in Mauritius in the short run. In addition, the study also found that economic growth does not Granger cause education expenditure in Mauritius in the short run. However, in the long-run, the study found that there are long run relationships between education expenditure and economic growth in both equations; and this means that an increase in either of the variables will eventually lead to an increase in the other variable. The study, therefore, found support for the hypothesis that investment in education raises economic growth. This means that Mauritius has the potential to benefit from further investments in education in the future.en_US
dc.identifier.citationSunde, T. (2017). Education expenditure and economic growth in Mauritius: An application of the bounds testing approach. European Scientific Journal, 13(22). 70-81. doi: 10.19044/esj.2017.v13n22p70.en_US
dc.identifier.issnISSN 1857- 7431
dc.identifier.urihttp://hdl.handle.net/10628/588
dc.language.isoenen_US
dc.publisherEuropean Scientific Journalen_US
dc.subjectEducation expenditure; economic growth; Granger causality; ARDL; Mauritiusen_US
dc.titleEducation Expenditure and Economic Growth in Mauritius: An Application of the Bounds Testing Approachen_US
dc.typeArticleen_US

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