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Information Journal Paper

Title

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

Pages

  103-130

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.

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    APA: Copy

    JANATI MASHKANI, ABOLFAZL, SAMETI, MORTEZA, KHOSH AKHLAGH, RAHMAN, DALLALI ISFAHANI, RAHIM, & EMADZADEH, MOSTAFA. (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. SID. https://sid.ir/paper/208873/en

    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[Internet]. 2011;-(5):103-130. Available from: https://sid.ir/paper/208873/en

    IEEE: Copy

    ABOLFAZL JANATI MASHKANI, MORTEZA SAMETI, RAHMAN KHOSH AKHLAGH, RAHIM DALLALI ISFAHANI, and MOSTAFA EMADZADEH, “THE IMPACT OF EDUCATION EXPENDITURES ON HUMAN CAPITAL AND ECONOMIC GROWTH IN IRAN: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH,” JOURNAL OF ECONOMIC MODELING RESEARCH, vol. -, no. 5, pp. 103–130, 2011, [Online]. Available: https://sid.ir/paper/208873/en

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