Return on Investment in Education. Case Study on Education in Romania
Return on Investment in Education. Case Study on Education in Romania
Author(s): Loredana Ioana Pribac, Andrei Anghelina, Radu Lucian BlagaSubject(s): Vocational Education, Higher Education , Human Resources in Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: education; human capital; returns; investment in education;
Summary/Abstract: The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/ capita, starting from relevant theories and empirical models from literature or implementing additional impact models and variables. Building on the model developed by Mincer (1995) on the yield rates of investment in education, we applied econometric models for Romania, for the period 1960-2010. The results led to a main conclusion, namely, the importance of investment in education is undeniable, it has positive effect on the economic growth of Romania.
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 26/2016
- Issue No: 1
- Page Range: 26-39
- Page Count: 14
- Language: English