Spending on education will produce a bigger economic growth dividend in the long term than cutting corporate tax, according to a new survey of economists.

As Labor and the Coalition go head-to-head on their centrepiece economic policies, a survey of 31 economists by the Economic Society of Australia and Monash Business School has found almost two-thirds agreed with the statement that:

'Australia will receive a bigger economic growth dividend in the long-run by spending on education than offering an equivalent amount of money on a tax cut to business.'

The Coalition has budgeted, if elected, to spend $48 billion over 10 years to cut the corporate tax rate from 30 per cent to 25 per cent.