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The Relationship Between Foreign Direct Investment And The Higher Education System In Romania

Author

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  • Vasile Alecsandru STRAT

    (The Bucharest University of Economic Studies Bucharest, Department of Statistics and Econometrics)

Abstract

The relationship between the foreign direct investments received by a country and its system of higher education is not yet completely clarified. Also, due to the fact that aspects related to the system of higher education are not directly linked with the economical performance of a country, the linkages between variables from this domain and the level of foreign direct investments received by a country has not been a major topic in the scientific literature, neither at global nor national level. In this study we propose a quantitative approach destined to describe and quantify the connection between inflows of FDI and the number of students enrolled in the tertiary education level for the case of Romania. Based on yearly data for the period 1990 – 2012 the study uses a VAR approach in order to study the bidirectional linkage between the two variables. The study provides some evidence that the level of the FDI attracted in Romania can be regarded as having a short term influence on the number of students enrolled in tertiary education and also the fact that the reverse is not true.

Suggested Citation

  • Vasile Alecsandru STRAT, 2014. "The Relationship Between Foreign Direct Investment And The Higher Education System In Romania," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 3(1), pages 10-24, JULY.
    • Handle: RePEc:aes:jsesro:v:3:y:2014:i:1:p:10-24
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    Cited by:

    1. Adriana AnaMaria DAVIDESCU & Catalin Corneliu GHINARARU, 2015. "The Hare and the Tortoise. How Older Generations Are Replaced By Young One on the Labour Market: Signals and Insights from the Relationship between Shadow Economy and Active Ageing," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 163-171, June.
    2. CĂLIN Adrian Cantemir & POPOVICI Oana Cristina, 2015. "The Effects of Enhancing Competitiveness on FDI Inflows in CEE Countries," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.

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    More about this item

    Keywords

    Foreign Direct Investments; Higher Education; Granger causality; VAR model;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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