An Econometric Analysis into the Dynamics of Education Expenditure, Education Status and GSDP in Jammu and Kashmir State
DOI:
https://doi.org/10.51983/arss-2015.4.2.2764Keywords:
Educational Expenditure, Educational Status, GSDPAbstract
This study aims to investigate the dynamics of Education Expenditure, Education Status and GSDP in Jammu and Kashmir State. By investigating a time series data set over the period of 14 years, the empirical results of Granger causality test indicate a bidirectional short run relationship between EEXP and GSDP, GER and GSDP and between GER and EEXP. Results of Fully Modified OLS (FMOLS) indicate a significant positive relationship between EEXP and GSDP and significant negative relationship between GER and GSDP.
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