n this paper, we explore the correlation between public spending on education and economic growth in Egypt.
The paper seeks to shift the narrative surrounding education from a service to an investment. The study employs the
Autoregressive Distributed Lag (ARDL) co-integration technique using time series data from 1996 to 2022. The findings
support previous research indicating a positive and significant long-term relationship between education spending and
GDP growth at a 5% significance level. While the short-term relationship is negative, the highly significant negative error
correction term (ECT) suggests that the whole model adjusts toward long-run equilibrium at a speed of 48%. The study
concludes with recommendations for the variables examined and considers the broader context. |
