IDEAS home Printed from https://ideas.repec.org/a/eut/journl/v21y2017i2p319.html
   My bibliography  Save this article

The Relationship Between ‘Higher Education and Training’ and ‘Business Sophistication’

Author

Listed:
  • Abbas Bazargan

    (Faculty of Psychology and Education, University of Tehran, Tehran, Iran.
    Faculty of Management, University of Tehran, Tehran, Iran.)

  • Mohammad Eftekhar Ardebili

    (Faculty of Management, University of Tehran, Tehran, Iran.)

  • Mohammad Zarei

    (Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.)

  • Rohollah Ghasemi

Abstract

Economics of education which investigates economic issues related to education - presents a framework which leads to better schedules and policy-making. On the other hand, the concept of competitiveness has drawn increasing attention of both scholars and governors in the past decade. The World Economic Forum (WEF) has published Global Competitiveness Index (GCI) in order to measure national competitiveness. The purpose of this paper is to investigate the interaction between the two sets of ‘Higher Education and Training’ (One of the pillars of GCI) and ‘Business sophistication’ both of which have been addressed by education of economics and not been profoundly investigated. To achieve the research aims, a descriptive correlational study has been used. The sample is 144 countries whose data were included in 2014-2015 report. Moreover, a canonical correlation analysis (CCA) has been employed to investigate the interaction between two sets of ‘Higher education and training’ and ‘Business sophistication’. The findings of the research revealed that a significant and positive relationship between two sets and more than 77.85% of changes in ‘Business sophistication’ can be predicted by changes in ‘Higher education and training’. In ‘Higher education and training’ sub-indexes ‘Local availability of research and training services’, ‘Extent of staff training’, ‘Internet access in schools’, and ‘Quality of management schools’ had the highest effect in creating this relationship.

Suggested Citation

  • Abbas Bazargan & Mohammad Eftekhar Ardebili & Mohammad Zarei & Rohollah Ghasemi, 2017. "The Relationship Between ‘Higher Education and Training’ and ‘Business Sophistication’," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 319-341, Spring.
    • Handle: RePEc:eut:journl:v:21:y:2017:i:2:p:319
    as

    Download full text from publisher

    File URL: ftp://80.66.179.253/eut/journl/20172-7.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Morrisson & Fabrice Murtin, 2009. "The Century of Education," Journal of Human Capital, University of Chicago Press, vol. 3(1), pages 1-42.
    2. George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, vol. 12(2), pages 111-134.
    3. Lant Pritchett & Martina Viarengo, 2015. "Does public sector control reduce variance in school quality?," Education Economics, Taylor & Francis Journals, vol. 23(5), pages 557-576, October.
    4. Maria Eliophotou Menon, 1997. "Perceived Economic Benefits of Higher Education: The Case of Cyprus," Education Economics, Taylor & Francis Journals, vol. 5(1), pages 53-61.
    5. Lall, Sanjaya, 2001. "Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report," World Development, Elsevier, vol. 29(9), pages 1501-1525, September.
    6. Bruce Chapman & Mathias Sinning, 2014. "Student loan reforms for German higher education: financing tuition fees," Education Economics, Taylor & Francis Journals, vol. 22(6), pages 569-588, December.
    7. John Heap, 2007. "Stormy productivity weather ahead?," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 56(2), pages 170-177, January.
    8. McFetridge, D., 1995. "Competitiveness Concepts and Measures," Gouvernement du Canada - Industrial Organization 5, Gouvernement du Canada - Industry Canada.
    9. Ngai-Ling Sum & Bob Jessop, 2013. "Competitiveness, the Knowledge-Based Economy and Higher Education," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(1), pages 24-44, March.
    10. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    11. International Finance Corporation & World Bank, 2013. "Doing Business 2013 : Smarter Regulations for Small and Medium-Size Enterprises [Regulaciones inteligentes para las pequeñas y medianas empresas : resumen ejecutivo (Vol. 2)]," World Bank Publications - Books, The World Bank Group, number 11857.
    12. repec:wbk:wboper:13331 is not listed on IDEAS
    13. Wu, Wei-Wen & Lan, Lawrence W. & Lee, Yu-Ting, 2012. "Exploring the critical pillars and causal relations within the NRI: An innovative approach," European Journal of Operational Research, Elsevier, vol. 218(1), pages 230-238.
    14. Ramírez-Alesón, Marisa & Fleta-Asín, Jorge, 2016. "Is the Importance of Location Factors Different Depending on the Degree of Development of the Country?," Journal of International Management, Elsevier, vol. 22(1), pages 29-43.
    15. Ülengin, Füsun & Kabak, Özgür & Önsel, Sule & Aktas, Emel & Parker, Barnett R., 2011. "The competitiveness of nations and implications for human development," Socio-Economic Planning Sciences, Elsevier, vol. 45(1), pages 16-27, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iñaki Permanyer & Diederik Boertien, 2019. "A century of change in global education variability and gender differences in education," PLOS ONE, Public Library of Science, vol. 14(2), pages 1-22, February.
    2. Ralph Hippe & Roger Fouquet, 2024. "The Human Capital Transition and the Role of Policy," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 411-457, Springer.
    3. repec:hal:spmain:info:hdl:2441/1ds77lna5j86jagcp29tfni72o is not listed on IDEAS
    4. repec:spo:wpmain:info:hdl:2441/1ds77lna5j86jagcp29tfni72o is not listed on IDEAS
    5. Romain Bouis & Romain Duval & Fabrice Murtin, 2011. "The Policy and Institutional Drivers of Economic Growth Across OECD and Non-OECD Economies: New Evidence from Growth Regressions," OECD Economics Department Working Papers 843, OECD Publishing.
    6. Ana-Maria CAZACU (BANCU), 2014. "Romania’s external competitiveness. A macro approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special), pages 295-309, June.
    7. Christian Morrisson & Fabrice Murtin, 2013. "The Kuznets curve of human capital inequality: 1870–2010," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 283-301, September.
    8. Thomas Berger & Gillian Bristow, 2009. "Competitiveness and the Benchmarking of Nations—A Critical Reflection," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 15(4), pages 378-392, November.
    9. repec:agr:journl:v:6(595)(supplement):y:2014:i:6(595)(supplement):p:295-309 is not listed on IDEAS
    10. Åsa Johansson & Yvan Guillemette & Fabrice Murtin & David Turner & Giuseppe Nicoletti & Christine de la Maisonneuve & Philip Bagnoli & Guillaume Bousquet & Francesca Spinelli, 2013. "Long-Term Growth Scenarios," OECD Economics Department Working Papers 1000, OECD Publishing.
    11. Itani, Nadine & O׳Connell, John F. & Mason, Keith, 2014. "A macro-environment approach to civil aviation strategic planning," Transport Policy, Elsevier, vol. 33(C), pages 125-135.
    12. Strauss, Jack, 2013. "The Economic Gains to Colorado of Amendment 66," MPRA Paper 49928, University Library of Munich, Germany.
    13. Pedro Orraca & Martin Ramirez-Urquidy & Natanael Ramirez, 2017. "Beyond The Local Market: Mexican Cross-Border Entrepreneurs In The United States," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 1-23, December.
    14. Christian Morrisson & Fabrice Murtin, 2010. "The Kuznets Curve of Education: A Global Perspective on Education Inequalities," CEE Discussion Papers 0116, Centre for the Economics of Education, LSE.
    15. repec:kap:iaecre:v:15:y:2009:i:4:p:378-392 is not listed on IDEAS
    16. Andrew Burke & Imran Zawwar & Stephanie Hussels, 2020. "Do freelance independent contractors promote entrepreneurship?," Small Business Economics, Springer, vol. 55(2), pages 415-427, August.
    17. Åsa Johansson & Yvan Guillemette & Fabrice Murtin & David Turner & Giuseppe Nicoletti & Christine de la Maisonneuve & Guillaume Bousquet & Francesca Spinelli, 2012. "Looking to 2060: Long-Term Global Growth Prospects: A Going for Growth Report," OECD Economic Policy Papers 3, OECD Publishing.
    18. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    19. Santos, João & Domingos, Tiago & Sousa, Tânia & St. Aubyn, Miguel, 2016. "Does a small cost share reflect a negligible role for energy in economic production? Testing for aggregate production functions including capital, labor, and useful exergy through a cointegration-base," MPRA Paper 70850, University Library of Munich, Germany.
    20. Rao, Nitya, 2017. "Assets, Agency and Legitimacy: Towards a Relational Understanding of Gender Equality Policy and Practice," World Development, Elsevier, vol. 95(C), pages 43-54.
    21. Tansel, Aysit & Keskin, Halil Ibrahim, 2017. "Education Effects on Days Hospitalized and Days out of Work by Gender: Evidence from Turkey," IZA Discussion Papers 11210, Institute of Labor Economics (IZA).
    22. Andrew Okello, 2014. "Managing Income Tax Compliance through Self-Assessment," IMF Working Papers 2014/041, International Monetary Fund.
    23. Löschel, Andreas & Pothen, Frank & Schymura, Michael, 2015. "Peeling the onion: Analyzing aggregate, national and sectoral energy intensity in the European Union," Energy Economics, Elsevier, vol. 52(S1), pages 63-75.
    24. Emanuela di Gropello, 2006. "Meeting the Challenges of Secondary Education in Latin America and East Asia : Improving Efficiency and Resource Mobilization," World Bank Publications - Books, The World Bank Group, number 7173.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eut:journl:v:21:y:2017:i:2:p:319. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: [z.rahimalipour] (email available below). General contact details of provider: https://edirc.repec.org/data/fecutir.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.