Effect of Government Credit Costs and Credit Capital Asset Acquisition in Higher Education on GDP

Document Type : Review Article

Author

university of Tehran

Abstract

One of the most important objectives of all countries is economic development and social welfare; to achieve this aim; it is necessary to have high GDP and it requires human capital and training of experts. To train specialized manpower, higher education plays an important role and it requires investment in higher education. The aim of this paper is to study government spending as an important element of investment and expenditure on education on higher education along faculty members of higher education institutions in Iran's GDP during 1994-2014. For this purpose, we used Vector Autoregressive Models (VAR), impulse response functions and variance analysis. Results reveal that government spending on higher education in credits of cost and credits in the capital asset acquisition has a significant positive effect on GDP. Further number of full-time faculty members amends Gross Domestic Product (GDP)Keywords: Government Expenditures on Higher Education, Credit Costs, Credit Capital Asset Acquisition, Gross Domestic Product(GDP) , Vector Autoregressive Models( VAR)

Keywords

References

 
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