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The Effect of Public Expenditure on Education and Economic Growth in Malaysia

Nazma Akhter

Abstract: This examination was meant to create and assess the effect of instruction use and monetary development in Malaysia from 1970 to 2015. To utilizing the Multiple Linear Regression Model into the Gross Domestic Product (GDP) to Real Gross Domestic Product (RGDP) which was a needy variable dependent on the free factor of Government uses on training (EduG) and cash supply or fund (Fin). The examination likewise broke down the impact of the model towards applying Ordinary Least Squares test (OLS), spellbinding measurement, typicality test, coefficient test, Co-incorporation test, and residuals measurement Test. This examination additionally endeavored to add to the current writing by expediting new proof the connection among training and financial development and too explored whether formal models shed any light on the case that instruction assumed a focal job in development. The exact outcomes bolstered the principle speculation of this examination that open spending on training has influenced with a positive effect on monetary development in Malaysia. The finding of the investigation clarified the Null (H0) Hypothesis which isn't rejected and the positive effect of training with monetary development in Malaysia. The guidance was helped to build up a deferential country and increment the human capital, channel the cerebrum, money related exercises, remote trade, societies, and universal center point to raise the financial tackle. In this examination, the huge worth is acknowledged among training and development in Malaysia and it is exceptionally helpful for further research. A more prominent assignment of assets on training costs could make the Malaysian economy increasingly powerful.

Keywords: Economic Growth; Government Expenditures on education; Hypothesis, Multiple Linear Regression Model and international educational hub.

Country: Malaysia, Subject Area: Economics

Pages: 229 - 235

Edition: Volume 8 Issue 7, July 2019

How to Cite this Article?

Nazma Akhter, "The Effect of Public Expenditure on Education and Economic Growth in Malaysia", International Journal of Science and Research (IJSR), https://www.ijsr.net/archive/v8i7/show_abstract.php?id=ART20199324, Volume 8 Issue 7, July 2019, 229 - 235

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