THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND THE HIGHER EDUCATION SYSTEM IN ROMANIA

Vasile Alecsandru Strat ()
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Vasile Alecsandru Strat: The Bucharest University of Economic Studies Bucharest, Department of Statistics and Econometrics

Journal of Social and Economic Statistics, 2014, vol. 3, issue 1, 10-24

Abstract: The relationship between the foreign direct investments received by a country and its system of higher education is not yet completely clarified. Also, due to the fact that aspects related to the system of higher education are not directly linked with the economical performance of a country, the linkages between variables from this domain and the level of foreign direct investments received by a country has not been a major topic in the scientific literature, neither at global nor national level. In this study we propose a quantitative approach destined to describe and quantify the connection between inflows of FDI and the number of students enrolled in the tertiary education level for the case of Romania. Based on yearly data for the period 1990 – 2012 the study uses a VAR approach in order to study the bidirectional linkage between the two variables. The study provides some evidence that the level of the FDI attracted in Romania can be regarded as having a short term influence on the number of students enrolled in tertiary education and also the fact that the reverse is not true.

Keywords: Foreign Direct Investments; Higher Education; Granger causality; VAR model (search for similar items in EconPapers)
JEL-codes: C01 C32 F21 F62 I23 O11 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:aes:jsesro:v:3:y:2014:i:1:p:10-24

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