Sustainable economic growth and development of educational systems

Tvaronavičienė, Manuela; Shishkin, Anatoly; Illiashenko, Nataliia Serhiivna; Zapototskyi, Sergii

doi:10.14254/2071-8330.2017/10-3/21

Cited by 11 publications

(9 citation statements)

References 23 publications

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“…research, and other activities that equip students with the skills and competencies to be productive citizens and foster the development of research and knowledge that promotes human and economic development (Kalyugina et al, 2015;Tvaronavičienė et al 2017;or Kahle et al 2018). However, with globalization, institutions of higher learning may have strayed from this mandate, which is one of the main global challenges for higher education and academic mobility (Strielkowski et al 2018).…”

Section: Introductionmentioning

confidence: 99%

Academic mobility and financial stability: A case of Erasmus student exchange program

Kabanbayeva¹,

Gureva²,

Bielik³

et al. 2019

Journal of International Studies

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Globalization and digitalization have dramatically changed higher education more than any other sphere of social or economic life. Constant flow of information and free access to all possible data, news, and topics, valuable and fake alike, imposed many challenges for the stakeholders in higher education worldwide. Lecturers and students worldwide became closer thanks to the new technologies, yet they also are drifting apart enclosed in single information bubbles. It is surprising that this digital epoch is seeing an increase in academic mobility worldwide. It appears that young people are willing to leave the comfort of their homes and social networks in order to experience the academic life and culture of other countries. It appears that this trend might also have considerable economic impacts on both sending and receiving countries. Our paper investigates the link between academic mobility and financial stability. We focus on the case study of academic exchange Erasmus program funded by the European Union (EU) and its impact on the financial stability of the Eurozone based on the criteria of the Optimum Currency Area (OCA). Our findings suggest Academic mobility and financial stability: A case of Erasmus student exchange program 325 that academic mobility indirectly improves financial stability in four fields: First of all, it enhances future labour mobility. Second, it decreases path-dependence and homogenizes policy preferences. Third, it induces more intensive trade relations. And finally, it increases international solidarity which is very important for such multi-national complex projects as the EU.There are various global challenges facing higher education. A scrutiny of these challenges will show that they are closely related and will have a collective impeding effect on the use of academic programs and the general education systems to achieve the goals of a country and the global community, more so considered in the context of the globalized international community. At the very core of their purpose, higher education institutions have a responsibility of engaging in academic work, including teaching,

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Section: Introductionmentioning

confidence: 99%

Academic mobility and financial stability: A case of Erasmus student exchange program

Kabanbayeva¹,

Gureva²,

Bielik³

et al. 2019

Journal of International Studies

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“…Sustainability reporting is an issue that has been the focus of the business world in recent years [9]. In Indonesia, companies are interested in following the Sustainability Reporting Award (SRA) organized by the National Center for Sustainability Reporting (NCSR).…”

Section: Introductionmentioning

confidence: 99%

Sustainability Reporting and Value Relevance of Financial Statements

et al. 2018

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This study examines whether information about the winners of the Sustainability Reporting Award (SRA) contributes to the usefulness of the information in financial statements. This study used a sample consisting of 110 winners of SRA (SRA firms) and 110 companies that did not receive SRA (non-SRA firms) from 2008 to 2016. The study found that earnings per share (EPS), earnings per share change (EPSC), and book value per share (BVPS) are value-relevant information. Results of comparison between SRA firms and non-SRA firms show that the positive association between EPS and stock price (P) and the positive association of EPS with stock returns (R) for SRA firms are higher than that for the non-SRA firms. In addition, findings of this study indicate that EPSC is positively associated with R when EPSC and R are measured by Indonesian rupiah (IDR) instead of by percentage, and the positive association between EPSC and R for the SRA firms is higher than that for the non-SRA firms. Thus, the results are sensitive to measures of the variables. However, this study found that value relevance of BVPS for SRA firms is lower than for non-SRA firms. Implication of this study is that information about the winners of SRA contributes to the usefulness of financial statements, especially the information of EPS and EPSC.

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“…Hervás Soriano and Mulatero also through the concept of knowledge triangle highlight the importance of jointly fostering research, education and innovation, and of paying due attention to the linkages between them [3]. G. Rappai in his study empirically proved that a successful cohesion policy is essential fulfilling in the growth expectations set for a decade [4] and Volante and Ritzen through examination the influence of prominent international education surveys on education governance within the EU -particularly those administered by the Organization for Economic Cooperation and Development (OECD), outlining the key characteristics of the OECD surveys and the most salient EU findings discussed the contribution of emerging EU governance for the quality of education while looking at the challenges ahead [5], but also with policies supporting innovation or European employment guidelines and development goals, which are addressed by Tvaronavičienė et all, Udrea, or Vagač [6][7][8]. In particular, lifelong learning, adult education and the need to implement their specificities and policies are dealt with, for example, by Bočáková and Kubíčková [9], and Butoracová Šindleryová [10], Formosa discusses the strengths and lacunae in the European Union's policy on older adult learning, what is in truth deemed as a productive investment on the basis that it not only engenders positive returns of economic growth but also improves the quality of life and social development of older persons [11] and Heyneman agreed with the conclusion that the age cohort attending higher education is higher today than at any time in human history [12].…”

Section: Literature Reviewmentioning

confidence: 99%

“…-by 2020, the share of early schoolleavers should be less than 10 %; -in 2020, at least 95 % of the children aged between 4 and the age of the InternatIonal experIence In the IntegratIon of educatIon commencement of the compulsory school attendance should participate in early childhood education 6 .…”

Section: Principles Of the European Education Policymentioning

confidence: 99%

Social and Economic Aspects of the EU ’s Education Policy

Horváthová¹,

Čajková

2018

IntegrEdu

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Introduction. The issue of education policy is very topical throughout the entire spectrum of society and undoubtedly throughout the European space. At the same time, this policy must be taken into account in any period of a civilized human history. By investing in education, we invest in the human population and participate in the formation of future generations. This article aims to study and analyse the current state of implementation of innovative approaches to the development of education and EU education policy, to identify the key aspects of the EU Education Policy at the present time. We focus mainly on the analysis of the range of the process of implementation of the Strategy Europe 2020 in this field with the particular impact on incorporation of new approaches into the current education policy system as such in the modern 21st century education system based on determining the tools necessary to implement the key strategies. Materials and Methods. The authors address individual approaches of the EU Member States in the field of the education and education policy, which can be beneficial for later incorporation of improving innovations into national education systems using the traditional methods of empirical analysis as description and classification, induction and deduction, content analysis, comparison and syntheses. The empirical basis of this study includes the results of a secondary analysis of the research data covering the problems of education policies. Results. There is a pragmatic focus on the issue of education in society, which also results, in terms of the macroeconomic indicators, in raising the standard of living of the population. Based on our conclusions, where we identified the real need of in-depth analysis of the situation in the education sector and a strategy to achieve effective change in mainstream educational thinking, policy and practice. We should not only determine where the sector is at present, but also engage as many institutions as possible in the review process, making sure that it is driven by their needs and to set key determinants of the education policies of the individual Member States in order to achieve the EU's objectives in terms of education, competitiveness and social cohesion. The results of the study have practical significance: the mechanisms can be reproduced in the field of defining the instruments of the harmonization in the EU education policy with the competences of the Member States. Discussion and Conclusions. The attention is drawn to the socio-economic context that affects the education policy, and despite the pursuit for a kind of harmonization in the EU, the education policy remains substantially within the competence of the Member States. Our results suggest that the use of integrative mechanisms allows to improve the efficiency of EU education policy and at the same time the Member States education policies. The main directions for further research in this field and questions for discussion and another positive move remain: what are the challen...

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Sustainable economic growth and development of educational systems

Cited by 11 publications

References 23 publications

Academic mobility and financial stability: A case of Erasmus student exchange program

Academic mobility and financial stability: A case of Erasmus student exchange program

Sustainability Reporting and Value Relevance of Financial Statements

Social and Economic Aspects of the EU ’s Education Policy

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