Relationship between Education Expenditure, Capital, Labor Force and Economic Growth in Malaysia

Norimah Rambeli, Ramli and Emilda, Hashim and Dayang Affizah, A.M. (2016) Relationship between Education Expenditure, Capital, Labor Force and Economic Growth in Malaysia. International Journal of Academic Research in Business and Social Sciences, 6 (12). ISSN 2222-6990

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Abstract

Educational institutions play important role in producing highly educated communities. Investment in education an opportunities expansion to obtain higher education has become main economic development agenda in many countries, including Malaysia. Therefore, this study is conducted to examine the relationship between government expenditure and economic growth from 1970 to 2013. By using Cobb-Douglas Production Function in developing Multiple Regression Linear Model, the results show a significant and positive relationship between education expenditure and Malaysian economic growth. The findings further suggest that capital and labor force also influence economic growth in the long run.

Item Type: Article
Uncontrolled Keywords: Education, Government Expenditure, Economic Growth, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Ab Rahim
Date Deposited: 04 Oct 2017 07:58
Last Modified: 04 Oct 2017 07:58
URI: http://ir.unimas.my/id/eprint/17898

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