Dastidar, Sayantan Ghosh; Mohan, Sushil; Chatterji, Monojit - Department of Economics Studies, University of Dundee - 2012
The paper reviews the theoretical and the empirical case for public investment in education in India. Though the theoretical literature provides a backing for such a policy, the empirical literature fails to find a robust relation between education expenditure and growth. Expenditure on...