Innovation and the Related Importance of VET

Anton Aufner ()
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Anton Aufner: Faculty of International Relations, University of Economics in Bratislava, Bratislava, Slovak Republic, and Department of Business Studies, University of Applied Sciences Burgenland, Eisenstadt, Austria

Economic Research Guardian, 2021, vol. 11, issue 2, 202-217

Abstract: In a world, which is characterized by globalization and a high speed of changes to working processes and jobs, the topic of innovation as a driver and precondition of economic growth becomes more and more important. The aim of this conference paper is to document the role of vocational education and training and its influence on innovation. Innovation is the basis for economic growth and the basis for economic growth is a well-trained workforce, which is only available when education systems, especially occupational education systems, target to bring forth highly qualified people, who have foresight and the potential to excel. The success of a country and its position in world economy is a result of its capability to develop human resources, to make people ready and open-minded for innovation and innovation processes. A result of this study is that innovation ensuing from vocational education and training is measurable and becomes visible by comparing economies’ key education and innovation parameters.

Keywords: Innovation; Training; Vocational education (search for similar items in EconPapers)
JEL-codes: I25 J24 O30 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:11:y:2021:i:2:p:202-217

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