Education and Economic Development in the Selected European Union Countries

Dudzevičiūtė, Gitana; Šimelytė, Agnė

doi:10.14207/ejsd.2018.v7n2p14

Cited by 12 publications

(5 citation statements)

References 20 publications

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“…Lavopa and Szirmai [52], analyzing the link between trajectories of structural modernization and the ability of countries to escape poverty, pointed out that expanding the size of the modern sector is not sufficient to ensure a steady growth, as a process of technology absorption is needed in order to reduce the technology gap. Economic development and labor productivity are highly related to the knowledge capital and innovation of the countries [53][54][55][56], since education, especially tertiary education, is seen as a driver of productivity and economic development in both developing and developed countries [57].…”

Section: Theoretical Background and Research Hypothesesmentioning

confidence: 99%

Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis

Georgescu

Herman

2019

Sustainability

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It is widely recognized that achieving highly productive employment is a serious challenge facing inclusive and sustainable development. In this context, the aim of this article was to highlight the main characteristics and mechanisms of productive employment, focusing on the interrelationships between productive employment, and inclusive and sustainable development in European Union countries, during the recent economic crisis and recovery period (2007–2016). The results of the correlation and regression analysis suggest that the high level of inclusive and sustainable development in some European Union countries can be mainly explained by high labor productivity, an efficient sectoral structure of employment, a low level of vulnerable and precarious employment, and low working poverty. Moreover, the results of the principal component analysis and cluster analysis show that there are common features and differences between the European Union member states in terms of their interrelationship between productive employment, and inclusive and sustainable development, which emphasizes the need to take specific actions to transform unproductive employment into productive employment, especially in southern countries and some central and eastern European countries, so that productive employment will be the driving force for development.

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Section: Theoretical Background and Research Hypothesesmentioning

confidence: 99%

Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis

Georgescu

Herman

2019

Sustainability

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“…Thus, Pencavel (1991) defined the relationship between education, productiv-ity, and income, paying particular attention to workers with higher education. Dudzevičiūtė and Šimelytė (2018) focused on the relationship between education and economic development and applied descriptive statistics analysis and econometric methods. The results revealed a statistically causal relationship between education and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Relationship between determinants of higher education and economic development: The case of Kazakhstan

Karabayev

Nurgaliyeva

Kredina

et al. 2023

Problems and Perspectives in Management

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This study aims to examine the relationship between higher education and economic development determinants in Kazakhstan’s regions. The paper used two sets of indicators of three-time series: 2010, 2015, and 2020. The analysis constructed a correlation using a panel dataset for 15 regions of Kazakhstan compiled by the Statistics Bureau of Kazakhstan and the National Bank. The first set reflects the determinants of higher education (number of students in colleges and universities, number of teaching staff, and the existing ICT infrastructure in universities). The second set includes indicators of regional economic development (GRP per capita and the population’s income level). The results showed a causal relationship between economic development and the determinants of higher education in the regions of Kazakhstan, which depend on the period. Surprisingly, the number of university students has almost no effect on GRP per capita and the population’s income level. For 2015–2020, the study observed the emergence and strengthening of correlations between economic growth and the development of innovations in universities. The findings also identified Mangystau, Atyrau, North Kazakhstan, and Pavlodar as regions with low innovation development in education. Therefore, the country’s higher education development policy should encourage and strengthen knowledge management systems in these regions. The study concludes that higher education and economic indicators significantly influence the growth of the economy in Kazakhstan. AcknowledgmentThe study was carried out within the framework of program-targeted IRN BR18574240 funding by the Science Committee of the Ministry of Science and Higher Education of the Republic of Kazakhstan “Development Strategy of Kazakhstan Regional Potential: Assessment of Socio-Cultural and Economic Potentials, Roadmap, Models and Scenarios Planning”.

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“…The relationship between the public sector and economic growth has also drawn researchers' attention and this relationship is also a controversial one. The results of a study carried out at EU level during 1995-2015, using Granger causality testing; show a significant relationship between government spending and economic growth in eight EU countries (Dudzevičiūtė and Šimelytė 2018). The relationship between public spending and economic growth in Romania was analyzed by Nuta et al (Nuta A. C. et.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of Economic Growth in Romania. Is it a Sustainable One?

Iacobuță¹,

Asandului²,

Căutișanu³

2020

EJSD

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Sustainable economic growth assumes interdependencies among social, economic, and environmental dimensions of growth. For Romania, in particular, the sustainable economic growth is both a challenge and an opportunity for prosperity. This paper aims at assessing the sustainability of economic growth in Romania in the period 1995-2019 by identifying the social, economic, environmental, and institutional drivers of the process of economic growth. Multivariate time-series analysis was used to analyse if the Romanian economic growth in the period 1995-2019 is sustainable. We also estimated the GDP per capita growth rate based on the determinants with which we found significant relationships. Keywords: sustainable economic growth; Romania, GDP per capita growth rate; socio-economic, environmental, and institutional factors; multivariate time-series analysis; multiple regression model

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Education and Economic Development in the Selected European Union Countries

Cited by 12 publications

References 20 publications

Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis

Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis

Relationship between determinants of higher education and economic development: The case of Kazakhstan

Assessment of Economic Growth in Romania. Is it a Sustainable One?

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