Gasto público en educación y su impacto en el crecimiento económico del Ecuador para el periodo 2009-2022.

Abstract

The main objective of this research is to determine whether public spending on education has an impact on Ecuador's economic growth for the period 2009-2022. The methodology used for the analysis has a quantitative approach, which uses data collection to test hypotheses based on numerical measurement and statistical analysis of the data provided by the World Bank and the National Institute of Statistics and Censuses, for the estimation of the data an econometric model of the Cobb Douglas production function is proposed and to estimate the results the EViews software is used 12. The results obtained indicate that public expenditure on education, gross fixed capital formation and the population economically have a positive and significant impact, contributing each variable in a differentiated way to the economic growth of Ecuador. Therefore, it was concluded that public spending on education does have a positive and significant impact on the Gross Domestic Product, which provides empirical evidence on the importance of the government allocating greater economic resources to the education sector, not only as a measure to increase GDP, but also to improve the living conditions of the inhabitants.