Is Education an Investment for the Future? The Impact of the Greek case on Economic Growth

Costas Siriopoulos () and Sophia Kassapi ()

Annals of Social Sciences & Management studies, 2019, vol. 3, issue 5, 116-119

Abstract: In this paper, we study the long-run causal effect of public investments in schooling for the country of Greece by applying econometric techniques in order to investigate if there is an economically significant long-run relationship between school entrants at all levels and economic growth . Following the EU policy advice for Greece our study attempts to support the reform process of the education system as suggested, highlight those signals of ineffective investments and focus the attention of the investment policy in education on the needs of the knowledge economy, in order to guarantee the profitability of the financing funds. In an international and extremely demanding and dynamic framework, and in the European system of education and training in whole Greece is an important stakeholder that demonstrates a major embedded interest in higher academic studies and should be looked upon as such.

Keywords: juniper publishers; social sciences journals; social anthropology; social policy; journal of social science; social and political science journals; journal of social science; open access; juniper publishers reivew (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:adp:oajasm:v:3:y:2019:i:5:p:116-119

DOI: 10.19080/ASM.2019.03.555622

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