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The determinants of public education expenditure in Malaysia

The aim of this paper is to investigate the determinants of the public education expenditure in Malaysia during the period of 35 years from 1982 to 2016. This study intends to address the existing research gaps within Malaysia context that failed to receive much attention in the past. The determin...

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Main Authors:	Wong, Sing Yun, Remali Yusoff,
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:	http://journalarticle.ukm.my/19797/1/jeko_522-9.pdf http://journalarticle.ukm.my/19797/ https://www.ukm.my/jem/issue/v52i2/
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id	my-ukm.journal.19797
record_format	eprints
spelling	my-ukm.journal.197972022-09-21T06:49:11Z http://journalarticle.ukm.my/19797/ The determinants of public education expenditure in Malaysia Wong, Sing Yun Remali Yusoff, The aim of this paper is to investigate the determinants of the public education expenditure in Malaysia during the period of 35 years from 1982 to 2016. This study intends to address the existing research gaps within Malaysia context that failed to receive much attention in the past. The determinants of education expenditure will be modeled using time series data within the autoregressive distributed lag (ARDL) Bound Testing approach and Error Correction Model (ECM) method. The empirical findings from this study identified the real gross domestic product growth rate (GDP), unemployment rate (UNEM), inflation rate (INF) and working age population (POP2) as the long run determinants of public education expenditure. Findings from the ARDL Bound Testing result further supported the Keynesian Counter- Cyclical theory as implied by the negative relationship between economic growth and public education expenditure in the long run. The short run analysis through ECM demonstrated that fluctuations in education expenditure was sensitive to the real gross domestic product growth rate (D(GDP)), unemployment rate (D(UNEM)), population of age less than 15 (D(LNPOP1)), and population of age greater than 64 (D(LNPOP3)). This study further recommends that the policy makers to play the role in responding to the economic conditions and demands of the society in their decision-making of the future allocation. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19797/1/jeko_522-9.pdf Wong, Sing Yun and Remali Yusoff, (2018) The determinants of public education expenditure in Malaysia. Jurnal Ekonomi Malaysia, 52 (2). pp. 109-122. ISSN 0127-1962 https://www.ukm.my/jem/issue/v52i2/
institution	Universiti Kebangsaan Malaysia
building	Tun Sri Lanang Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Kebangsaan Malaysia
content_source	UKM Journal Article Repository
url_provider	http://journalarticle.ukm.my/
language	English
description	The aim of this paper is to investigate the determinants of the public education expenditure in Malaysia during the period of 35 years from 1982 to 2016. This study intends to address the existing research gaps within Malaysia context that failed to receive much attention in the past. The determinants of education expenditure will be modeled using time series data within the autoregressive distributed lag (ARDL) Bound Testing approach and Error Correction Model (ECM) method. The empirical findings from this study identified the real gross domestic product growth rate (GDP), unemployment rate (UNEM), inflation rate (INF) and working age population (POP2) as the long run determinants of public education expenditure. Findings from the ARDL Bound Testing result further supported the Keynesian Counter- Cyclical theory as implied by the negative relationship between economic growth and public education expenditure in the long run. The short run analysis through ECM demonstrated that fluctuations in education expenditure was sensitive to the real gross domestic product growth rate (D(GDP)), unemployment rate (D(UNEM)), population of age less than 15 (D(LNPOP1)), and population of age greater than 64 (D(LNPOP3)). This study further recommends that the policy makers to play the role in responding to the economic conditions and demands of the society in their decision-making of the future allocation.
format	Article
author	Wong, Sing Yun Remali Yusoff,
spellingShingle	Wong, Sing Yun Remali Yusoff, The determinants of public education expenditure in Malaysia
author_facet	Wong, Sing Yun Remali Yusoff,
author_sort	Wong, Sing Yun
title	The determinants of public education expenditure in Malaysia
title_short	The determinants of public education expenditure in Malaysia
title_full	The determinants of public education expenditure in Malaysia
title_fullStr	The determinants of public education expenditure in Malaysia
title_full_unstemmed	The determinants of public education expenditure in Malaysia
title_sort	determinants of public education expenditure in malaysia
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2018
url	http://journalarticle.ukm.my/19797/1/jeko_522-9.pdf http://journalarticle.ukm.my/19797/ https://www.ukm.my/jem/issue/v52i2/
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score	13.211869

The determinants of public education expenditure in Malaysia

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