Education and Economic Development: Evidence from the European Countries

Vodã Ana-Iolanda () and Chiriac Cãtãlin ()
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Vodã Ana-Iolanda: "Alexandru Ioan Cuza" University of Iaºi, Faculty of Economics and Business Administration
Chiriac Cãtãlin: "Alexandru Ioan Cuza" University of Iaºi, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 567-572

Abstract: This paper aims analyzing the importance of education as a substantial determinant for an individual ability to obtain income and of economic growth. The first part of the article underlines the importance of investment in education argued by the fact that abilities and knowledge tend to increase productivity, generating in this way higher potential incomes. In the second part of the paper we performed a comparative analysis of thirty – three European Countries at every level of education i.e. tertiary, secondary and primary (lower). Our analyses shows that the tertiary aptitudes are the ones which matter the most in terms of growth in the case of Central and East European nations.

Keywords: development; education; institutions (search for similar items in EconPapers)
JEL-codes: A1 A20 A22 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:567-572

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