Document Type : Research Paper

Authors

• Fathollah Tari ¹
• Nasrin Arzroomchilar ²

¹ Assistant Professor, Faculty of Economics, Allameh Tabatabai University

² M.A in Economics

Abstract

Although most economists accept that education and investment in human resources are very effective in growth, the estimation of its impact on growth has many difficulties. Education spending has been used in this article to evaluate this correspondence. Simulation results show that formal education spending will affect growth with a lag about 12 years. This is similar to finding of the studies for other countries.

Keywords

• ECONOMIC
• GROWTH
• EDUCATION
• HUMANCAPITAL
• EDUCATION SPENDING