1Professor of Economics, Department of Economics with Rural Development, Vidyasagar University, Midnapore, West Bengal, India. Email: sebakjana@yahoo.co.in
2M. Phil Student, Department of Economics with Rural Development, Vidyasagar University, Midnapore, West Bengal, India. Email: maitiadwaita@gmail.com
Jel Classification I23, I25, H52, C01, P51, P52.
The paper empirically investigates the impact of public higher education expenditure on economic growth in the state of West Bengal, India during the period 1981 to 2014. The time series analysis results reveal that there is uni-directional causality running from higher education to economic growth, but the reverse is not true. This shows that investing in higher education is important for economic growth.
Causality, Economic Growth, Higher Education, Public Expenditure, India, West Bengal
