Abstract
Abstract. In recent years, governance issues have been identified as critical to macroeconomic performance. This study aims to contribute to the debate on the role of governance in allocating public spending in general and specifically in education spending, focusing on a panel of the six CEMAC countries from 1997–2013. It thus examines the role of governance as measured by the level of corruption, political stability, government effectiveness, regulatory quality, and the level of voice and accountability in the allocation of public expenditure to education through a linear regression in static panel data. It emerges empirically that a low allocation of public spending on education can be largely explained by a poor quality of governance in CEMAC.
Keywords. Governance, Public spending, Education, Panel data, CEMAC.
JEL. E62; I28; H52; H11.
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