THE RELATIONSHIP BETWEEN EDUCATION EXPENDITURE AND GDP IN BANGLADESH

Abstract

This article's objective is to look into the relationships between Bangladesh's GDP and its educational expenditures. The time series annual data from 1973 through 2020 compose the sample used for this research. The study uses education spending as an independent variable and GDP as a dependent variable. An augmented Dickey-Fuller (ADF) and Johansen Cointegration test has been used for time series analysis. EViews software was used in this study to conduct analysis the findings with the results of diagnostic tests to examine the long-term connection. The findings demonstrated that, short-term correlation between the variables, all relevant variables are stationary over a longer period of time.