| Abstract [eng] |
SAMMARY Influence of public expenditure on education on labor productivity is investigated in the master's thesis. The aim of the work is to theoretically substantiate the impact of public expenditure on education on labor productivity and to evaluate this impact in the group of EU countries in 1970-2019 period. At the beginning of the written work, based on the works of Lithuanian and foreign researchers, substantiate the theoretical aspect of the relationship between education, human capital, labor productivity and economic growth. The impact of public spending on education on human capital is discussed. The results of empirical research on the impact of public spending on education on labor productivity are summarized. Second part of the written work, the research process and methodology are presented, the research sample is defined, and the period is analysed, econometric models, indicators and research limitations are presented. An assessment of the strength of the relationship between labor productivity and its determinants is made. Third part of the written work, the aim is to assess the impact of public spending on education on labor productivity, disaggregated by level of education. First, the indicators reflecting the public expenditure on education, labor productivity and its determinants in the European Union countries for the period 2002-2019 are being carried out. Comparative analysis. An assessment of the impact on productivity of total public expenditure on education and the distinction between secondary and higher education in the EU 28 continues. Delayed variables are then included to examine whether the impact of public spending on education, secondary and higher education on labor productivity is lagging. An assessment of the impact of public spending on education on labor productivity has shown that public spending on education has a negative impact on labor productivity. Hypothesis: H1: Public spending on higher education increases productivity. It is rejected because public spending on higher education was found to have a negative impact on labor productivity and the impact was only statistically significant for some models. |
