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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | EFFECT OF EDUCATION SECTOR EXPENDITURE ON ECONOMIC GROWTH IN TANZANIA |
| Authors Name: | Bikiombe Kachunga , Prof. Cairo Mwaitete |
| Unique Id: | IJSDR2203037 |
| Published In: | Volume 7 Issue 3, March-2022 |
| Abstract: | The study has examined the relationship of education sector expenditure and per capita income on economic growth in Tanzania using annual data obtained from the Ministry of planning and finance, BOT, and NBS, the study uses secondary data spanning the period between 2000 and 2019. In the study, preliminary test such as the unit root test (Augmented Dickey-Fuller test applied and later Johansen tests for cointegration checked whereby short and long-run effect observed on both variables as the data analysed through Stata and Microsoft excel, The objectives of the study was to examine the relationship of education sector expenditure with economic growth in Tanzania as well as to examine if education sector expenditure can forecast per capita income and economic growth in Tanzania to recommend Ministry of education on allocation of government fund to realize the strong and competitive economy in Tanzania whereby finding show that economic growth explained by 78.69% with education sector expenditure and per capita income since education expenditure was significant to the model since t-test statistics was 3.956 which is above 1.96, By concluding the study open the room to other study to address much information on education sector expenditure in relation to economic growth in Tanzania, also will enable the government before planning for education sector spending to rethink on the positive return on economic growth so decide exactly figure to spend in education sector for economic growth in Tanzania. |
| Keywords: | Education expenditure, Economic growth, Per capita income, and Education. |
| Cite Article: | "EFFECT OF EDUCATION SECTOR EXPENDITURE ON ECONOMIC GROWTH IN TANZANIA", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 3, page no.260 - 267, March-2022, Available :http://www.ijsdr.org/papers/IJSDR2203037.pdf |
| Downloads: | 000336854 |
| Publication Details: | Published Paper ID: IJSDR2203037 Registration ID:200168 Published In: Volume 7 Issue 3, March-2022 DOI (Digital Object Identifier): Page No: 260 - 267 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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