The Role of Higher Education in a Nation's Economic Development

Cosma Dorin (), Schneider Suzana () and Iuhasz Giovana ()
Additional contact information
Cosma Dorin: West University of Timisoara, Faculty of Economics and Business Administration
Schneider Suzana: West University of Timisoara, Faculty of Economics and Business Administration
Iuhasz Giovana: West University of Timisoara, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 62

Abstract: The need often arises to explain and control, as much as possible, those phenomena and processes in the economy that can reflect more or less favourable situations. For that purpose, a range of efficient instruments are devised to help us explain the existing situations and eliminate (or at least reduce) the undesired effects that may arise in a given economic context. We have employed econometric models to evince the role of the public higher education sector in generating economic growth and, based on this, to prove the need for further sustained public funding of higher education. The change of mindset regarding the participation of the private environment in the funding of higher education in Romania is the first step that should be taken in order to build awareness that a properly funded higher education will generate progress across the board in the long run.

Keywords: higher education funding; economic development; human capital. (search for similar items in EconPapers)
JEL-codes: I22 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/ENG/cuprins ... 2012specialissue.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:3:p:62

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().