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THE IMPACT OF EDUCATION ON THE UNEMPLOYMENT RATE IN THE SOUTHERN EUROPEAN MODEL

Amalia Cristescu ()
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Amalia Cristescu: Bucharest University of Economic Studies

Romanian Journal of Regional Science, 2017, vol. 11, issue 1, 62-75

Abstract: In the current socio-economic context marked by high unemployment rates, the education is seen as an important pillar in the economic recovery process. The economic growth and competitiveness are supported by a highly qualified labour force and adapted to market requirements. By Agenda 2020 the European Union promotes and supports the education and the reducing of the school dropout. The countries from the Southern European Model have experienced in the last 10 years an upward trend in the unemployment rate, and two of the component countries (Greece and Spain) currently register the highest unemployment rates in the European Union. Given these issues in this paper I propose to analyse, through a model of panel data, the impact of educational attainment the rate of early school leaving and the graduation of a tertiary education), the investments made in education, the Gross Domestic Product and the total population on the unemployment rate in the Southern European countries.

Keywords: unemployment; education; European model; panel data analysis (search for similar items in EconPapers)
JEL-codes: J64 I25 R11 (search for similar items in EconPapers)
Date: 2017
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