Human Capital - The Effects of Education on Economic Growth Within the European Union

Pribac, Loredana; Anghelina, Andrei

doi:10.1515/sues-2015-0020

Cited by 8 publications

(5 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Additionally, results from partial tests suggest that the education index and purchasing power index of the community exert a positive and noteworthy influence on economic growth, whereas the health index does not have a significant effect on the economic growth of Bali Province. Pribac & Anghelina (2015) demonstrated that educational capital has a positive and significant effect on economic growth in the European Union. Nowak & Dahal (2016) found that both secondary and higher education significantly contributed to real GDP per capita in Nepal.…”

Section: Human Development and Economic Growthmentioning

confidence: 99%

“…Dewi & Sutrisna (2014) examined the effects of health index, education index, and purchasing power index on economic growth in Bali, using panel data and the pooled least squares method. Pribac & Anghelina (2015) delved into the relationship between education and economic growth within the European Union, employing a multiple regression model approach. This study seeks to fill a gap in the literature by assessing and providing more comprehensive empirical evidence.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Exploring Economic Growth Determinants in Developing Countries of Asia and Africa

Kadafi,

Dawood,

Masbar

2023

FINBE

View full text Add to dashboard Cite

Asian and African regions have experienced periods of economic growth, yet they continue to grapple with distinct challenges and issues that hinder their ability to sustain and distribute that growth effectively. In addressing this concern, our research investigates the impact of exports, exchange rates, foreign direct investment, bank credit, government spending, and the Human Development Index on the economic growth of developing nations in Asia and Africa. The employed methodology is the panel least square method, which utilizes secondary data. The Asian region comprises 28 countries, and Africa encompasses 34 countries, from 1946 to 2018. The outcomes of the study reveal that within developing Asian countries, variables such as exports, exchange rates, foreign direct investment, bank credit, government spending, and the Human Development Index have positive and noteworthy effects on economic growth. In the context of African nations, the research finds that exports, exchange rates, and government spending have favorable and significant impacts. However, the Human Development Index displays a detrimental and significant influence. On the other hand, foreign direct investment and bank credit exhibit positive yet inconsequential effects on economic growth in developing African countries. Consequently, these findings underscore the need for robust macroeconomic foundations in developing economies to counteract global economic uncertainties. This strategy is imperative to facilitate swift economic expansion that aligns with each nation's distinctive economic development plans.

show abstract

Section: Human Development and Economic Growthmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Exploring Economic Growth Determinants in Developing Countries of Asia and Africa

Kadafi,

Dawood,

Masbar

2023

FINBE

View full text Add to dashboard Cite

show abstract

“…Therefore, the most important channels through which education affects economic growth can be represented through the scheme below. (Pribac & Anghelina, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…More educated workforce is one factor in attracting new foreign direct investment (Pribac & Anghelina, 2015), which in turn contributes to gross fixed capital formation.…”

Section: Education and Foreign Direct Investmentmentioning

confidence: 99%

Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data

Sebki

2021

Economics and Business

View full text Add to dashboard Cite

The paper aims at studying the effect of education measured by enrolment ratios in secondary and higher education on economic growth measured by the rate of GDP growth in a sample of 40 developing countries during the period from 2002 to 2016 using the dynamic panel data estimators. The results of estimating the model of this study using the difference GMM estimator or what is known as the Arellano and Bond estimator showed that the proportions of those enrolled in tertiary education had a significant positive effect on economic growth, while the proportions of those enrolled in secondary education had a significant negative effect.

show abstract

“…In addition to health, educational outcome is also essential for economic growth of a country. There was a positive relationship between educational outcome and economic growth in European Union member countries (Pribac & Anghelina, 2015), the OECD countries (Teixeira & Queirós, 2016b), Sub-Saharan African countries (Ogundari & Awokuse, 2018), and Azerbaijan (Ismayilov, Kasumov, & Ahmadova, 2020). On the contrary, Afzal, Farooq, Ahmad, Begum, & Quddus (2010) found a short-run negative relationship between education and growth in Pakistan.…”

Section: Introductionmentioning

confidence: 99%

How important are health and education in boosting sub-national economic growth?

Verazulianti

Dawood

Zulham

2021

JSeD

View full text Add to dashboard Cite

Development of the global economy is marked by increasing attention towards the health sector due to Covid-19 outbreak. This research contributes by examining how important is health and education for provincial economic growth, and connect it with foreign direct investments, and infrastructure spending. Taking Indonesia as a case study, and employing GMM and Fixed Effects methods, the analysis found that improving health and education outcomes are key for sub-national economic growth. However, foreign direct investment, domestic direct investment and public spending on infrastructure failed to support growth in the sub-national level. The finding is robust against alternative specifications. For policy suggestions, in order to dampen the negative economic effects of Covid-19 and to boost growth at post-pandemic period, government at all levels must maintain or even increase public spending in health and education which directly target improvements of health and educational outcomes. To ensure the improvements, public spending must be directed to provide good quality health and educational services; services which enhance health outcomes and develop students’ cognitive skills. In addition, good quality health and educational services must be evenly distributed across sub-nationalities. This is aligned with achieving the UN Sustainable Development Goals number 10; reducing inequality within a country.JEL Classification H51; H52; O15

show abstract

Human Capital - The Effects of Education on Economic Growth Within the European Union

Cited by 8 publications

References 4 publications

Exploring Economic Growth Determinants in Developing Countries of Asia and Africa

Exploring Economic Growth Determinants in Developing Countries of Asia and Africa

Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data

How important are health and education in boosting sub-national economic growth?

Contact Info

Product

Resources

About