ON THE NEXUS OF EDUCATION AND HEALTH EXPENDITURE - SCHOOL ENROLMENT IN GHANA: VECM APPROACH

The unstable record of school enrolment in Ghana is examined through government expenditure on health and education for the time period 1990 to 2015. Secondary data on health and education expenditure and inflation rate were used in the study. The main objective of the study is to identify how the pattern of government spending on education and health attracts school enrolment in Ghana. Vector Error Correction Model (VECM) was used for estimation purpose. It was observed that government expenditure on education and health significantly contributes to school enrolment in the short-run and long-run.