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Education and Crisis

Author

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  • Marius-Cristian PANĂ

    (Bucharest Academy of Economic Studies)

Abstract

The actual economic crisis reveals the problems within the public educational system. The malfunctions of this sector are augmented by the special significance of education for society and economic system. The modern theories of human capital emphasize the state’s important role in financing education. On this basis, education seems to be the best solution in solving society and economy’s different problems. That’s why I consider that economic crisis is also the crisis of education. This paper aims to emphasize this argument underlying also the need for structural reform within the public educational systems.

Suggested Citation

  • Marius-Cristian PANĂ, 2012. "Education and Crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(5(570)), pages 145-156, May.
    • Handle: RePEc:agr:journl:v:5(570):y:2012:i:5(570):p:145-156
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    References listed on IDEAS

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    1. William Easterly, 2002. "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550423, December.
    2. Kevin Milligan & Enrico Moretti & Philip Oreopoulos, 2003. "Does Education Improve Citizenship? Evidence from the U.S. and the U.K," NBER Working Papers 9584, National Bureau of Economic Research, Inc.
    3. Edward Glaeser & Giacomo Ponzetto & Andrei Shleifer, 2007. "Why does democracy need education?," Journal of Economic Growth, Springer, vol. 12(2), pages 77-99, June.
    4. Dolton, Peter J. & Silles, Mary A., 2008. "The effects of over-education on earnings in the graduate labour market," Economics of Education Review, Elsevier, vol. 27(2), pages 125-139, April.
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    Cited by:

    1. Maria Mirabela Florea Ianc & Loredana Ciurlău, 2016. "Advantages and Disadvantages Romania's Transition to the Euro," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 99-103, February.

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