The Impact of Government Educational and Health Expenditures on Economic Growth in Selected Developing Countries: The Copula Functions Approach

Document Type : Original Article

Authors
1 Assistant Professor, Department of Economics, Payame Noor University, Tehran, Iran
2 PhD in Economics, Razi University of Kermanshah, Kermanshah, Iran
3 PhD student in Economics, Razi University of Kermanshah, Kermanshah, Iran.
4 Master of Economics, University of Lorestan, Khorramabad, Iran.
Abstract
Achieving sustainable economic growth, as one of the macroeconomic policies, is of great importance for governments and economists. Today, one of the strategies for achieving desirable economic growth is to improve the education and health system in society. Therefore, the aim of this study is to examine the impact of government educational and health expenditures on economic growth in selected developing countries during the period 2008-2023 using Copula functions. The findings indicate that the impact of government educational expenditures on economic growth is negative, but not statistically significant, which indicates that changes in government educational expenditures are usually in line with a decrease in economic growth. Also, the impact of government health expenditures on economic growth is negative and significant. Therefore, in developing countries, proper management of government spending in the education and health sectors can prevent waste of resources and reduce negative impacts on economic growth.

Keywords


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