THE INFLUENCE OF EDUCATION ON SOCIAL AND ECONOMIC DEVELOPMENT

Marilena CONSTANTINESCU (peichea) (), Alina BIDIREANU (nastase) (), Isabela Florina BARBU (marinescu) () and Roxana SURCEL (georgescu) ()
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Marilena CONSTANTINESCU (peichea): “Valahia” University of Targoviste, Romania
Alina BIDIREANU (nastase): “Valahia” University of Targoviste, Romania
Isabela Florina BARBU (marinescu): “Valahia” University of Targoviste, Romania
Roxana SURCEL (georgescu): “Valahia” University of Targoviste, Romania

Contemporary Economy Journal, 2019, vol. 4, issue 4, 52-58

Abstract: The social and global context involves numerous structural and functional changes, and the task of education is unprecedented and difficult. The education is related to well-being and competitiveness. Countries that have invested over time in the education system are the ones who today, are gathering the fruits of development, being at the top of the human development index in the world. The present paper analyzes the influence of expectancy of schooling on the degree of well-being of the population. To show the relationship between the two variables, we use the simple regression method, to construct a linear model for the period 2010 and 2017. The independent variable is considered expected years of schooling and the dependent variable is Gross Domestic Product. The calculations resulting led to the conclusion that the variation of Gross Domestic Product is explained at a rate of 71% by the variation of expected years of schooling.

Keywords: Human Development; expectancy of schooling; education; Gross Domestic Product (search for similar items in EconPapers)
JEL-codes: C25 I25 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:4:y:2019:i:4:p:52-58

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