THE IMPACT OF PUBLIC INVESTMENTS FOR EDUCATION ON THE PERFORMANCE OF STUDENTS IN ROMANIA

Anda Gabriela Teodorescu ()
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Anda Gabriela Teodorescu: PhD.s. University of Oradea, Faculty of Economic Sciences, Doctoral School in Economic Sciences

Annals of Faculty of Economics, 2024, vol. 33, issue 1, 354-361

Abstract: Through this research we aim to make a brief analysis of how the value of educational investments influences the performance of students in Romania. In order to achieve the proposed goal, it is necessary to analyze some specific indicators to education and compare them with similar data from other countries. To carry out this research, both qualitative and quantitative research methods were applied. Education is an essential factor in economic growth and social development. The educational process has a significant role both in the growth of each individual and of society as a whole, being indispensable for personal development and well-being. Investments in education deliver long-term benefits to citizens, publicly funded institutions and the knowledge-based economy as a whole. Research over the last few decades has shown that investments in education and health are associated with the highest rate of return. It is essential to prioritize public investments with the aim of ensuring the performance standards of educational institutions in Romania, in conditions of security and quality. For this, it is necessary for the school infrastructure to function properly, the constructions to be consolidated, the maintenance costs to be cost-effective and to ensure the efficiency of the use of space and resources in order to allow the activities of the users to be carried out in optimal conditions of comfort, health and productivity. Also, human capital is quantitatively analyzed as the first economic resource from the perspective of population evolution. In project evaluation, investment efficiency refers to the most effective, economical and rational way of using the investment resources made available to achieve the expected results.

Keywords: public investments; public spending on education; efficiency of education system; graduation rate; performance; management responsibilities in education (search for similar items in EconPapers)
JEL-codes: I21 I22 I28 (search for similar items in EconPapers)
Date: 2024
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