Does Higher Education Affect Economic Growth? The Case of Greece

Pegkas, Panagiotis; Tsamadias, Constantinos

doi:10.1080/10168737.2014.894551

Cited by 43 publications

(43 citation statements)

References 41 publications

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“…HC proxied by higher education (HE) can lead to economic growth through both private (productivity, entrepreneurship, specialisation, jobs) and public (research and development, foreign direct investment, governance, safety, social development) channels. A workforce with higher education will have more potential for change and for being innovative (Pegkas and Tsamadias, 2014). FDI flows increase productivity by providing new investment, better technologies and managerial skills to the host countries and in this way contribute to economic growth.…”

Section: Introductionmentioning

confidence: 99%

Does R&D, human capital and FDI matter for TFP in OECD countries?

Tsamadias

Pegkas

Mamatzakis

et al. 2018

Economics of Innovation and New Technology

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This study investigates the interplay between research & development (R&D), human capital, foreign direct investment (FDI) and total factor productivity (TFP) in OECD.The analysis follows the endogenous growth theory and applies a panel data approach over the period 2000-2015. R&D and human capital have a positive effect on TFP, whilst FDI has a positive and significant effect only in the case of non-European countries. Moreover, the contribution of human capital is higher than that of R&D in European countries. On the other hand, the effect of R&D is higher than that of human capital and FDI in non-Europeans countries. Thus, based on these findings policies fostering R&D, higher education and investment should be a priority.

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Section: Introductionmentioning

confidence: 99%

Does R&D, human capital and FDI matter for TFP in OECD countries?

Tsamadias

Pegkas

Mamatzakis

et al. 2018

Economics of Innovation and New Technology

Self Cite

View full text Add to dashboard Cite

show abstract

“…Human capital empowers the process of creating and adopting new ideas. Studies have confirmed the impacts of human capital both in developed and developing countries (Loening, 2005;Bloom, Canning and Chan, 2006;Pegkas and Tsamadias, 2014).…”

Section: Review Of Extant Literaturementioning

confidence: 86%

Post-Financial Crises Puzzle of Economic Growth in Low and Lower-Middle Income Countries: Evidence from Static and Dynamic Panel Estimations

Shafiq¹,

Adeleye²

2020

Preprint

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This paper investigates economic growth in 65 low and lower-middle-income countries from 2010 to 2017. Results from static and dynamic panel data techniques show that foreign direct investment (FDI), capital formation, and labor force significantly increase economic growth while government expenditure decreases growth. Mobile phone subscription reveals no significant impact on growth at aggregate levels. Furthermore, analyses at the income group level reveal substantial differences between the determinants of economic growth in low and lower-middle-income countries. For instance, FDI is a significant predictor of growth in low-income countries, but not in lower-middle-income countries. Similarly, government expenditure and mobile cellular subscriptions are not significant predictors in low-income countries relative to lower-middle-income countries. Interestingly, capital formation and labor force are the two common significant predictors across low and lower-income countries.

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“…Overall, the conclusion of the study indicates that the quantity of secondary and higher education has had a positive contribution to economic growth. In Greece, the quantity of education has increased during the last five decades (Pegkas and Tsamadias, 2014) whereas the quality of education remains low as many reports indicate (PISA 2012 Results-OECD). In Greece, many important structural reforms in various sectors of the educational system need to be implemented, in order to further improve the quality of human capital.…”

Section: Discussionmentioning

confidence: 99%