%0 Journal Article
%T The quality of governance and education spending in Africa
%A ME Nyamongo
%A NJ Schoeman
%J Southern African Business Review
%D 2010
%I University of South Africa
%X This study investigates the eff ects of the quality of governance, namely corruption, political instability and democracy, on the public budget allocation to education by using data for a panel of 28 African countries over the period 1995¨C2004. The estimation results show that education expenditure is aff ected by the level of corruption, with highly corrupt countries devoting a smaller share of their budgets to this vote. Political instability impacts negatively on education, but the level of democracy does not seem to have a prominent eff ect in this regard. However, International Monetary Fund programmes favour expenditure on education as part of its intended capacity-building eff ort.
%U http://www.ajol.info/index.php/sabr/article/view/76361