Trends over the last 25 years suggest that nearly 80% of the social sector spending has come from state budgets. Taken together with other policy developments in the country, the centre's role in financing social welfare, including elementary education, is likely to decline further. Analysing...

Macroeconomists across the world focus on the long-term growth of economies and its dynamic relationship with aspects such as human capital, monetary and other government policies. This paper examines the causation between government expenditure on education and economic growth. Education is a...