Relationship between education and economic growth Cover Image

Relationship between education and economic growth
Relationship between education and economic growth

Author(s): Emirgena Nikolli, Elona Shehu
Subject(s): Higher Education , State/Government and Education, Economic development, Sociology of Education
Published by: Shtëpia botuese “UET Press”
Keywords: Academic influence; educational settlements; economic growth;

Summary/Abstract: The purpose of this research is to examine the relationship between educational attainment and economic growth in Albania. This research analyses how educational opportunities contribute to Albania’s economic growth via the use of empirical data. Additionally, it examines the relationship between education and economic development in Albania. Using general economic theory as a starting point, this study analyses some of the potential implications for Albanian economic and educational policy. By stimulating technological innovation and boosting capital and labor productivity, education expenditure increases the economy’s revenue. Using statistical analysis, empirical research attempts to ascertain the true causal effect of educational and training quality on individual salaries, firm profitability, and the economy as a whole. The results suggest that education may be a critical factor in Albania’s long-term economic growth, making it a critical component of the country’s economic strategy. According to the study’s results, the government and private sector should collaborate to improve education quality via public-private partnerships. The impact of education on economic development and its relationship is portrayed in this study since it should be a primary goal of policymakers.

  • Issue Year: 21/2022
  • Issue No: 1
  • Page Range: 100-115
  • Page Count: 16
  • Language: English