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Contribution of Education Funding to Economic Growth in Romania

Author

Listed:
  • Assoc. Prof. Raluca Dracea Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assoc. Prof. Mirela Cristea Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assoc. Prof. Narcis Mitu Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

The present paper tries to investigate the impact of education funding over the economic growth in Romania during the interval of time 1991-2009. It also attempts to answer the following question: does investment in education help the economic growth in Romania? If the answer is positive, then, how important are the allocations of investments in education matter? For a complete analysis, we have applied the regression method, and the statistical data have been provided by the National Institute of Statistics and the Romanian Ministry of Education.

Suggested Citation

  • Assoc. Prof. Raluca Dracea Ph. D & Assoc. Prof. Mirela Cristea Ph. D & Assoc. Prof. Narcis Mitu Ph. D, 2010. "Contribution of Education Funding to Economic Growth in Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-11, May.
    • Handle: RePEc:aio:aucsse:v:2:y:2010:i:11:p:160-170
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    File URL: http://feaa.ucv.ro/AUCSSE/0038v2-018.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    2. Judson, Ruth, 1998. "Economic Growth and Investment in Education: How Allocation Matters," Journal of Economic Growth, Springer, vol. 3(4), pages 337-359, December.
    3. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    4. Robert J. Barro & Paul Romer, 1993. "Economic Growth (1992)," NBER Books, National Bureau of Economic Research, Inc, number barr93-1, February.
    5. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    6. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Daniela-Emanuela D?n?cic?, 2017. "Higher Educated People And (Re)Employment Probability In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(45), pages 82-94, November.
    2. Mirela Cristea & Grațiela Georgiana Noja, 2022. "Education and labour market performance in Romania. An empirical analysis of the urban-rural gap," Journal of Financial Studies, Institute of Financial Studies, vol. 12(7), pages 89-104, May.

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    More about this item

    Keywords

    education expenditure; economic growth; statistical analysis; linear regression.;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

    Statistics

    Access and download statistics

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