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Paper Information

Journal:   JOURNAL OF ECONOMIC MODELING RESEARCH   FALL 2011 , Volume - , Number 5; Page(s) 103 To 130.
 
Paper: 

THE IMPACT OF EDUCATION EXPENDITURES ON HUMAN CAPITAL AND ECONOMIC GROWTH IN IRAN: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH

 
 
Author(s):  JANATI MASHKANI ABOLFAZL, SAMETI MORTEZA, KHOSH AKHLAGH RAHMAN, DALLALI ISFAHANI RAHIM, EMADZADEH MOSTAFA
 
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Abstract: 

One of the important targets of the economic planning is economic growth via enhancement of the labor productivity. In this regard, education expenditures play a crucial role. This study aims at investigating the effect of education expenditures on the level of human capital and economic growth through a computable general equilibrium approach. The data on economic variables and social accounting matrix belongs to the year 2001. Three scenarios on education expenditures are defined and their effect on human capital and economic growth are estimated.
The results show that education expenditures have positive effects on economic growth and human capital. A 50% increase in education expenditures in the first period causes 3.81 and 5.8 percent increase in human capital and economic growth respectively. In the second period, the same increase in education expenditures affects human capital and economic growth positively by 5.4 and 7.3 percent respectively.
Although separating the economic growth into human and physical factors in the first period shows that there is no relationship between human capital and economic growth, but in second period this separation causes a relationship between the two factors.

 
Keyword(s): EDUCATION, HUMAN CAPITAL, ECONOMIC GROWTH, COMPUTABLE GENERAL EQUILIBRIUM MODEL
 
 
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APA: Copy

JANATI MASHKANI, A., & SAMETI, M., & KHOSH AKHLAGH, R., & DALLALI ISFAHANI, R., & EMADZADEH, M. (2011). THE IMPACT OF EDUCATION EXPENDITURES ON HUMAN CAPITAL AND ECONOMIC GROWTH IN IRAN: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH. JOURNAL OF ECONOMIC MODELING RESEARCH, -(5), 103-130. https://www.sid.ir/en/journal/ViewPaper.aspx?id=277200



Vancouver: Copy

JANATI MASHKANI ABOLFAZL, SAMETI MORTEZA, KHOSH AKHLAGH RAHMAN, DALLALI ISFAHANI RAHIM, EMADZADEH MOSTAFA. THE IMPACT OF EDUCATION EXPENDITURES ON HUMAN CAPITAL AND ECONOMIC GROWTH IN IRAN: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH. JOURNAL OF ECONOMIC MODELING RESEARCH. 2011 [cited 2021July26];-(5):103-130. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=277200



IEEE: Copy

JANATI MASHKANI, A., SAMETI, M., KHOSH AKHLAGH, R., DALLALI ISFAHANI, R., EMADZADEH, M., 2011. THE IMPACT OF EDUCATION EXPENDITURES ON HUMAN CAPITAL AND ECONOMIC GROWTH IN IRAN: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH. JOURNAL OF ECONOMIC MODELING RESEARCH, [online] -(5), pp.103-130. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=277200.



 
 
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