AN ECONOMETRIC ANALYSIS OF THE EFFECT OF EDUCATION EXPENDITURE ON ECONOMIC GROWTH

This study investigates the relationship between education expenditure and economic growth using econometric modeling. By analyzing data from multiple countries over the past twenty years, we aim to understand the impact of investment in education on a nation's economic performance. We employ a panel data regression model to analyze the influence of education expenditure on GDP growth, controlling for other significant variables such as labor force participation, physical capital, and government policies.