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The Analysis Of School Expectancy Influence On The Gross Domestic Product At The Level Of The Romanian Economy

Author

Listed:
  • Delia, TESELIOS

    ("Constantin Brancoveanu" University of Pitesti, Romania)

  • Mihaela, SAVU

    ("Constantin Brancoveanu" University of Pitesti, Romania)

  • Ioana-Iulica, MIHAI

    ("Constantin Brancoveanu" University of Pitesti, Romania)

Abstract

At the level of the Romanian economy, Gross Domestic Product is one of the most important indicators. Analyzing its evolution we observe that the effects of the economic and financial crisis strongly influenced it, the year 2009 representing the proof that the Romanian economy was not stable. Along with the Gross Domestic Product variation, in this paper we present school life expectancy indicator, one of the components of the education indicator in the Human Development Index. The link between the two indicators is analyzed using regression for the period 2002-2012. The independent variable is considered school expectancy and the dependent variable is Gross Domestic Product. The calculations led to the conclusion that the variation of Gross Domestic Product is explained at a rate of 41% by the variation of school expectancy.

Suggested Citation

  • Delia, TESELIOS & Mihaela, SAVU & Ioana-Iulica, MIHAI, 2014. "The Analysis Of School Expectancy Influence On The Gross Domestic Product At The Level Of The Romanian Economy," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 790-796.
  • Handle: RePEc:brc:journl:v:26:y:2014:i:4:p:790-796
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    More about this item

    Keywords

    school expectancy; GDP; economic and financial crisis; Human Development;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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