The Effects of Government Education Expenditure on Import Dynamics: Large Scale Cluster Analysis

The ratio of direct budget allocations and indirect expenditures on higher education depends on the existing systems of tuition fees,forms of support for higher education, encouragement of student mobility, their age and social status. In Denmark and Norway, 32.2%and 36.7% of funds are allocated to support students and ensure their financial independence. Such financial policies create incentives for young people to continue their education. In these countries, more than 15% of university and doctoral students are over 35 years old. Current research denotes relationship among import and government education expenditure in cross sectional secondary source data by World Bank. For a literature review we used Elicit AI database for further theoretical approach. Data sampling was selected 185countries with import level, expenditure on education, export level, IMF credits, access to electricity and credit private sector. For statistic analysis we used STATA 17.0 and for cluster analysis SPSS 22.0 software. From the econometric model it has been used OLS, OLS Robust, Marginal effect and Logarithmic transformation models. Highly significant countries analyzed based on cluster effect analysis and estimaed each distances between final cluster centers among countries. For the final conclusion it has been groupped 3 clasters from the import level on government education expenditure. Cluster 3 included advanced economis, for a cluster 2 transition economis and developing economis. And the last cluster 1 classified small countries and low middle income countries.

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