Government Spending on Education and Employment

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The study relates to government spending on education, which is an important area of concern as it provides the basis of eliminating or minimizing the unemployment. For that reason, steps taken by the government with regard to education policy are focused in the study.

Education institutions were traditionally a place for professionals to conduct their activities and a place for them to spend their leisure time. It also gains respect and trust from the public, while evolving as a place to learn knowledge and gain information. In recent years, the government across the nation and the continent has increased or at least had put a certain amount of their spending in the education sector. United States in particular has taken measures to increase its spending on education substantially. It is believed that education works as a tool to improve one’s income and promote economic growth as a whole. Quality education has to be provided to people from all walks of life, especially those who cannot afford taking private education. One way or another, school is assigned to take on the hard intellectual work of educating students. As a result, it returns benefits to society in many ways, mainly improving income distribution (Gupta, Marijn and Erwin, 717-737).
On the other hand, educational spending has been taken into account from various sub sectors by building physical assets such as schools, colleges or universities. This form of spending includes providing sufficient teaching materials such as book and notes. Teaching equipment as in projectors and computers are also forms of spending. Those are just to name a few, besides that, research and development of a better education system is another major part in education spending. Everything h...

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...pend more on education hoping to achieve reasonable level of income imbalance.

Works Cited

Fan, Shenggen, Peter Hazell, and Sukhadeo Thorat. “Government spending, growth and poverty in rural India.” American Journal of Agricultural Economics 82.4 (2000): 1038-1051.
Gupta, Sanjeev, Marijn Verhoeven, and Erwin R. Tiongson. “The effectiveness of government spending on education and health care in developing and transition economies.” European Journal of Political Economy 18.4 (2002): 717-737.
Ramey, Valerie A. “Identifying government spending shocks: it's all in the timing*.” The Quarterly Journal of Economics 126.1 (2011): 1-50.
Stasavage, David. “Democracy and education spending in Africa.” American journal of political science 49.2 (2005): 343-358.
Wolf, Alison. “Does education matter? Myths about education and economic growth.” Perspectives 6.4 (2002): 115-118.

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