International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Open Access | Double Blind Reviewed

ISSN: 2319-7064

Downloads: 111

Research Paper | Economics | Benin | Volume 8 Issue 12, December 2019

Impact of Public Spending on Human Capital on Benins Economic Growth

Balogoun Ismala

Abstract: The objective of this study is to evaluate the effect of public spending on human capital on economic growth. It is the human capital production function of Barro (1996) that was inspired for the specification of the model of this work. The study covered the period from 1980 to 2014. The work took into account the variables related to health, those related to education, economic policy and phenomena beyond the actions of governments. Thus, we have included in the model GDP per capita, public expenditure on health per capita, life expectancy at birth, investment expenditure on health (in the absence of sufficient data on health infrastructure coverage). , gross primary and secondary enrollment rates, population growth rate, openness of the economy and average rainfall. As a result of our work, these variables account for 98 % overall and significantly the variations in GDP per capita over the long term and 83 % for the short term. From the results of our econometric estimations, it appears that: In the long term, an increase in public health expenditure of 1 % will lead to an increase in the Gross Domestic Product of 0.17 %, all else being equal. In the short term, the effect on economic growth of the same change (1 %) in public health spending would be 1.07 %. However, the short-term effect of these expenditures on GDP is not significant.

Keywords: Impact, Human Capital, Growth, Benin

Edition: Volume 8 Issue 12, December 2019,

Pages: 654 - 663

How to Download this Article?

You Need to Register Your Email Address Before You Can Download the Article PDF

How to Cite this Article?

Balogoun Ismala, "Impact of Public Spending on Human Capital on Benins Economic Growth", International Journal of Science and Research (IJSR), Volume 8 Issue 12, December 2019, pp. 654-663,

Similar Articles with Keyword 'Impact'

Downloads: 0

Masters Thesis, Economics, Kenya, Volume 10 Issue 5, May 2021

Pages: 1211 - 1215

The Effects of Ageing Population Growth Rate on GDP in Kenya

Tanui Kiprotich Leonard

Share this Article

Downloads: 0

Research Paper, Economics, Oman, Volume 10 Issue 9, September 2021

Pages: 1048 - 1058

Impact of Public Funded Projects on Women's Economic Empowerment in Oman

Aisha Al Abri | Swadhin Mondal

Share this Article