The Role of Business Education Provided Through Lifelong Learning in Enhancing Profesional Competencies. Evidence from the Eu-27 Dataset

Vlad Dumitrache () and Monica Raileanu-Szeles
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Vlad Dumitrache: Lucian Blaga University
Monica Raileanu-Szeles: Transilvania University of Brasov
Authors registered in the RePEc Author Service: Monica Răileanu Szeles ()

The AMFITEATRU ECONOMIC journal, 2014, vol. 16, issue 37, 874

Abstract: This paper examines the macroeconomic implications of business education provided by the process of lifelong learning, based on a panel dataset comprising the EU-27 countries. Business education is a valuable component of adult education, and the lifelong learning represents the main channel facilitating the transfer of this knowledge. A number of three panel regression models are conducted separately for the New Member States (NMS) and Old Member States (OMS). The positive effects of business education on economic growth and duration of working life are found to be more significant and powerful in the NMS than in the OMS. The empirical analysis also shows that business education is a determinant of the subjective poverty reduction only in the OMS, while the third-level education attainment contributes to the poverty reduction in the NMS, only when been accompanied by business education.

Keywords: business education; lifelong learning; economic growth. (search for similar items in EconPapers)
JEL-codes: I23 I25 M21 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:37:y:2014:i:16:p:874

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