Volume 1, Issue 2 (9-2021)
2021, 1(2): 107-132 |
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Bu Ali-Sina University
Abstract: (614 Views)
Education as one of the key variables of human capital has a direct relationship with the Economic growth and development of countries. Therefore, countries around the world today are trying to protect their education systems from economic shocks. Given that in recent years there have been many shocks in the macroeconomic variables of the country, undoubtedly, the educational expenditures of households have also changed, and their effects need to be examined. Therefore, this study tries to investigate the effects of shocks of macroeconomic variables on educational expenditures of Iranian households in different provinces in the period 2001-2019. For this purpose, the Bayesian Panel VAR model in Matlab software was used to estimate the model. The results showed that inflation shock, government spending shock and exchange rate shock have a positive effect on household education expenditures in all provinces. However, the oil revenue shock has a significant negative effect on these expenditures. Therefore, given the positive impact of shocks on increasing education expenditures and the high importance of this variable in economic growth and development, it is necessary for the government and planners to consider appropriate policies and programs to reduce the effects of these shocks on vulnerable and low-income households to prevent long-term adverse effects.
Keywords: Education Expenditures, Economic Shock, Bayesian Model, Provincial Study, Economic Sanctions.
Type of Study: Research |
Subject:
General
Received: 2021/08/12 | Accepted: 2021/09/1 | Published: 2023/01/11
Received: 2021/08/12 | Accepted: 2021/09/1 | Published: 2023/01/11
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