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Volume :30 Issue : 114 2004      Add To Cart                                                                    Download

Economic Growth and Education in Saudi Arabia: An Application ofF Simultaneous Equations’ Method

Auther : Abdulla Bin M. Al-Malki & Ahmad Bin S. Bin Obaids

                The objectives of this study are to assess the mutual relationship between education and the growth of real non-oil gross domestic outcome in Saudi Arabia, and to specify the determinants of government expenditure on education for the country.  By utilizing the simultaneous equations method of estimation and applying three-stage least square (3SLS) procedure, the results indicate that there is no direct mutual positive relationship between education and economic growth in Saudi Arabia, unless government expenditure on education is introduced into the model. When government expenditure on education was excluded, relationship was only towards one director, from real non-oil gross domestic outcome to general education enrollment.  The results also show that population is a determinant for general education enrollment, and that government revenue, general education enrollment and educational expenditure for the previous year are the main determinants for government expenditure on education in Saudi Arabia.

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