The relationship between spending on education and economic growth in Iraq

Abstract

The research aims at estimating and analyzing the relationship between expenditure on education and economic growth represented by the GDP in Iraq for the period 2004-2015. The study concluded that there is a positive relation between expenditure on education and economic growth in Iraq. The data were converted to the logarithmic formula and the value of the parameters was calculated in the method of the lower squares. After checking the stability of time series data using the Expanded Dicky-Voller (ADF), it was found that the study variables clearly affect GDP. Therefore, this study recommends improving the priorities of spending on educational aspects, as this improvement will help to direct the expenses of the state to the most effective aspects as it is an important factor to increase economic growth and work to make decisions that are consistent with the declared goals of education in terms of expansion of education and all stages and Ensures an appropriate level of quality and quality of education at each stage of the educational process .Terms Home Search: (spending on education ,gross domestic product, time series data) .

Keywords

Economic axis