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Contribution of Education Funding to Economic Growth in Romania

Assoc. Prof. Raluca Dracea Ph. D, Mirela Cristea () and Narcis Mitu ()
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Assoc. Prof. Raluca Dracea Ph. D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2010, vol. 2, issue 38, 11

Abstract: The present paper tries to investigate the impact of education funding over the economic growth in Romania during the interval of time 1991-2009. It also attempts to answer the following question: does investment in education help the economic growth in Romania? If the answer is positive, then, how important are the allocations of investments in education matter? For a complete analysis, we have applied the regression method, and the statistical data have been provided by the National Institute of Statistics and the Romanian Ministry of Education.

Keywords: education expenditure; economic growth; statistical analysis; linear regression. (search for similar items in EconPapers)
JEL-codes: H52 E22 C82 (search for similar items in EconPapers)
Date: 2010
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