Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries
In the last twenty years, higher education policies have become increasingly important national priorities in both the developed and the developing countries. According to the endogenous growth theory, higher education and thereby accumulation of human capital is considered to be the main driver of...
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| Format: | Article |
| Language: | English |
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University of Ljubljana Press (Založba Univerze v Ljubljani)
2014-12-01
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| Series: | Central European Public Administration Review |
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| Online Access: | https://journals.uni-lj.si/CEPAR/article/view/20413 |
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| author | Maja Grdinić |
| author_facet | Maja Grdinić |
| author_sort | Maja Grdinić |
| collection | DOAJ |
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In the last twenty years, higher education policies have become increasingly important national priorities in both the developed and the developing countries. According to the endogenous growth theory, higher education and thereby accumulation of human capital is considered to be the main driver of economic competitiveness in the growing global economy founded on knowledge. Thus, as education is undoubtedly one of the main drivers of economic growth and development, an increase in the real expenditures for education is found in many countries. All this is especially evident in times of rapid technological changes. The interest of this paper is to show the relationship between GDP and public spending on education by applying the method of panel data analysis on the selected EU Member States and former Soviet Union Countries for the period 2000 – 2011. The results of the analysis showed that public expenditure for education, as well the size of the tertiary educated workforce and the number of researchers have a positive impact on GDP growth.
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| format | Article |
| id | doaj-art-d3cb6f090c6d434b806493f5d1d52c79 |
| institution | Kabale University |
| issn | 2591-2240 2591-2259 |
| language | English |
| publishDate | 2014-12-01 |
| publisher | University of Ljubljana Press (Založba Univerze v Ljubljani) |
| record_format | Article |
| series | Central European Public Administration Review |
| spelling | doaj-art-d3cb6f090c6d434b806493f5d1d52c792025-01-22T10:54:55ZengUniversity of Ljubljana Press (Založba Univerze v Ljubljani)Central European Public Administration Review2591-22402591-22592014-12-0112410.17573/ipar.2014.4.a04Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union CountriesMaja Grdinić0University of Rijeka, Faculty of Economics In the last twenty years, higher education policies have become increasingly important national priorities in both the developed and the developing countries. According to the endogenous growth theory, higher education and thereby accumulation of human capital is considered to be the main driver of economic competitiveness in the growing global economy founded on knowledge. Thus, as education is undoubtedly one of the main drivers of economic growth and development, an increase in the real expenditures for education is found in many countries. All this is especially evident in times of rapid technological changes. The interest of this paper is to show the relationship between GDP and public spending on education by applying the method of panel data analysis on the selected EU Member States and former Soviet Union Countries for the period 2000 – 2011. The results of the analysis showed that public expenditure for education, as well the size of the tertiary educated workforce and the number of researchers have a positive impact on GDP growth. https://journals.uni-lj.si/CEPAR/article/view/20413economic growth and developmentexpenditures for educationpanel data analysis |
| spellingShingle | Maja Grdinić Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries Central European Public Administration Review economic growth and development expenditures for education panel data analysis |
| title | Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries |
| title_full | Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries |
| title_fullStr | Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries |
| title_full_unstemmed | Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries |
| title_short | Higher Education as a Means of Achieving Economic Growth and Development – A Comparative Analysis of Selected EU and former Soviet Union Countries |
| title_sort | higher education as a means of achieving economic growth and development a comparative analysis of selected eu and former soviet union countries |
| topic | economic growth and development expenditures for education panel data analysis |
| url | https://journals.uni-lj.si/CEPAR/article/view/20413 |
| work_keys_str_mv | AT majagrdinic highereducationasameansofachievingeconomicgrowthanddevelopmentacomparativeanalysisofselectedeuandformersovietunioncountries |