The Influence of Education on Economic Growth

Stefan Ciucu and Raluca Dragoescu ()
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Raluca Dragoescu: Cybernetics and Statistics Doctoral School, The Bucharest University of Economics Studies, 6 Piața Romană, 1st District, Bucharest, ROMANIA

Global Economic Observer, 2014, vol. 2, issue 1, 243-257

Abstract: In transition countries affected by uncertainty, the educational system usually suffers from lack of funds from the government and it is affected by various reforms. It is important to see how education influences economic growth and how this growth can be improved by investing in education. In this article, after a literature and econometric models review, the influence of primary, secondary and tertiary education over the GDP growth will be analyzed for Bulgaria, Czech Republic and the Netherlands, using regressions models, with the aid of computer software tool EViews. The models will be tested in order to obtain a good and reliable model.

Keywords: education; economic growth; GDP growth rate (search for similar items in EconPapers)
JEL-codes: C5 I25 (search for similar items in EconPapers)
Date: 2014-05
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol2-iss1-14-243

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