Analyze of the impact of education spending on economic growth in Senegal from 1998 to 2017

Abstract

The objective of this article is to analyze the impact of education spending on economic growth in Senegal from 1998 to 2017. This study was based on an econometric modeling that showed that spending on Education positively influences economic growth captured by Gross Domestic Product (GDP). In fact, the results of the regression revealed that the increase in public spending on education by 1% leads to a 3% increase in economic growth in Senegal for the period 1998-2017. Education spending has a positive impact on economic growth.