Human capital has an impact on economic growth by several channels. This study presents a conceptual research model that we built starting from the economic increase models which explain the way in which the revenue per inhabitant was created taking into account mechanisms, channels and influence factors. I applied this model to the member states of the European Union and the results obtained confirmed the existence of some positive effects of human capital - expressed through education - on economic growth.
The aim of the paper is to provide empirical evidence in support of the relationship between renewable energy consumption and economic growth in eleven Central and Eastern European (CEE) countries over the period 1995-2015 within a multivariate panel data analysis. Based on World Bank data, the panel cointegration analysis reveals that renewable energy consumption and economic growth are positively associated in the long run in CEE countries. The heterogeneous panel causality test indicates a bi-directional causality relationship in support of the feedback hypothesis between economic growth and renewable energy consumption in Central and Eastern European countries.
The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/capita, starting from relevant theories and empirical models from literature or implementing additional impact models and variables. Building on the model developed by Mincer (1995) on the yield rates of investment in education, we applied econometric models for Romania, for the period 1960-2010. The results led to a main conclusion, namely, the importance of investment in education is undeniable, it has positive effect on the economic growth of Romania.
Abstract:The aim of this article is to present the youth unemployment problem that the European Union countries are facing nowadays. To this end, we investigate the competencies and skills considered necessary in the 21 Century. We do this by presenting the competencies considered important by European employers versus Romanian employers. Not least, we reveal future directions in terms of skills required by employers.
The emergence of the female entrepreneurial social class is certain and convincing in many countries, including Romania. Through this study we wish to portray a relevant image regarding the situation of female entrepreneurship in Romania. The starting point and a question to which many seek answers are: What was and is the economic strength of female entrepreneurship in Romania? After a short historical presentation regarding the evolution of feminine entrepreneurship, we presented the analysis of results after 25 years of democracy and capitalism. The main inference that we have deducted was: that the number of female entrepreneurs is on ascending path.
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