The impact of public education spending on economic growth in Central and Eastern Europe. An ARDL approach with structural break

Abstract

The former communist states experienced a period of turbulence in the transition to the market economy and then the accession to the EU, turbulences that also influenced the education sector. This article aims to analyze the impact of public spending on education on economic growth in 11 former communist Eastern European states, current EU members. The methodology used is ARDL with structural break. The results are consistent with those previously obtained The public education expenditure-economic growth relationship is mixed on long term; for five countries, there is no such thing; for six countries, there is one on a long term. On a short term, also, mixed results manifest for four countries are positive, and for two negative.