The relationship between public education expenditure, demography and economy crisis in Malaysia

The main aim of this thesis was to examine the determinants of the public education expenditure in Malaysia for the period of 47 years from 1971 to 2017. This study intended to address the existing research gaps within Malaysia context which had failed to receive much attention in the past. The dete...

Full description

Saved in:

Bibliographic Details
Main Author:	Wong, Sing Yun
Format:	Thesis
Language:	English English
Published:	2019
Subjects:	HJ7461-7980 Expenditures Government spending
Online Access:	https://eprints.ums.edu.my/id/eprint/38517/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/38517/2/FULLTEXT.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-ums-ep.38517
record_format	uketd_dc
spelling	my-ums-ep.385172024-03-28T00:54:21Z The relationship between public education expenditure, demography and economy crisis in Malaysia 2019 Wong, Sing Yun HJ7461-7980 Expenditures. Government spending The main aim of this thesis was to examine the determinants of the public education expenditure in Malaysia for the period of 47 years from 1971 to 2017. This study intended to address the existing research gaps within Malaysia context which had failed to receive much attention in the past. The determinants of education expenditure were modeled using time series data within the autoregressive distributed lag (ARDL) Bound Testing approach. The empirical findings from this study advocated that the real gross domestic product, real GDP per capita, inflation rate, tax revenue, total population and working age population served as the long run determinants of public education expenditure. Findings from the ARDL Bound Testing result further provided robust support to the Wagner's law in the long run. This implied that the government would adjust its expenditure to respond to the demand of the society in the long run. Meanwhile, the Error Correction Model illustrated that the public education expenditure was sensitive to the influences of real gross domestic product, real GDP per capita, unemployment rate, inflation rate, tax revenue, public debt, total population, children population of age less than 15, and elderly population of age above 64 in the short run. This study suggests that policy makers should play significant role in responding to the economic situations and emerging needs of the society in its future decision-making process on the education spending allocation. 2019 Thesis https://eprints.ums.edu.my/id/eprint/38517/ https://eprints.ums.edu.my/id/eprint/38517/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/38517/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Fakulti Perniagaan, Ekonomi dan Perakaunan
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HJ7461-7980 Expenditures Government spending
spellingShingle	HJ7461-7980 Expenditures Government spending Wong, Sing Yun The relationship between public education expenditure, demography and economy crisis in Malaysia
description	The main aim of this thesis was to examine the determinants of the public education expenditure in Malaysia for the period of 47 years from 1971 to 2017. This study intended to address the existing research gaps within Malaysia context which had failed to receive much attention in the past. The determinants of education expenditure were modeled using time series data within the autoregressive distributed lag (ARDL) Bound Testing approach. The empirical findings from this study advocated that the real gross domestic product, real GDP per capita, inflation rate, tax revenue, total population and working age population served as the long run determinants of public education expenditure. Findings from the ARDL Bound Testing result further provided robust support to the Wagner's law in the long run. This implied that the government would adjust its expenditure to respond to the demand of the society in the long run. Meanwhile, the Error Correction Model illustrated that the public education expenditure was sensitive to the influences of real gross domestic product, real GDP per capita, unemployment rate, inflation rate, tax revenue, public debt, total population, children population of age less than 15, and elderly population of age above 64 in the short run. This study suggests that policy makers should play significant role in responding to the economic situations and emerging needs of the society in its future decision-making process on the education spending allocation.
format	Thesis
qualification_level	Master's degree
author	Wong, Sing Yun
author_facet	Wong, Sing Yun
author_sort	Wong, Sing Yun
title	The relationship between public education expenditure, demography and economy crisis in Malaysia
title_short	The relationship between public education expenditure, demography and economy crisis in Malaysia
title_full	The relationship between public education expenditure, demography and economy crisis in Malaysia
title_fullStr	The relationship between public education expenditure, demography and economy crisis in Malaysia
title_full_unstemmed	The relationship between public education expenditure, demography and economy crisis in Malaysia
title_sort	relationship between public education expenditure, demography and economy crisis in malaysia
granting_institution	Universiti Malaysia Sabah
granting_department	Fakulti Perniagaan, Ekonomi dan Perakaunan
publishDate	2019
url	https://eprints.ums.edu.my/id/eprint/38517/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/38517/2/FULLTEXT.pdf
_version_	1804890321401675776

The relationship between public education expenditure, demography and economy crisis in Malaysia

Similar Items