Public Education Spending and GDP in China: Granger Causality Tests Using Toda-Yamamoto Technique

Gao-lu Zou
2016 Proceedings of the 3d International Conference on Applied Social Science Research   unpublished
The quantity of national fiscal budget expenditure on education in China has expanded over the past decade. The paper aims to investigate whether GDP may be a significant cause of public education spending. Three series covered the period from 1991-2011. The paper utilized an unconventional Granger causality test in order to deal with the integrated properties of data. Both GDP and CPI Granger caused the share of public education spending to GDP. GDP expansion has contributed significantly to
more » ... significantly to public education spending at least in the short term
doi:10.2991/icassr-15.2016.58 fatcat:l5dm5qm6gnga3fokuoima6uuw4