IDEAS home Printed from https://ideas.repec.org/a/nwe/natrud/y2024i4p69-78.html
   My bibliography  Save this article

The Problem with Bulgaria’s Lack of Funding Directed to the Education Sector

Author

Listed:
  • Boris Miloshev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Human capital is one of the driving factors for an economy and has a direct effect on production. One of the best ways to boost a country’s GDP is to increase labor productivity, which is directly linked with long-term economic growth. With Bulgaria having one of the lowest general government expenditures to GDP ratio in Europe and low teachers’ salary rates compared to other countries, it’s important to determine how this may be affecting the country and its economic growth as a whole. The aim of this paper is to analyze the lack of funding in the educational sector based on the human capital theory and the Augmented Solow growth model, as well as to provide some suggestions on possible improvement strategies.

Suggested Citation

  • Boris Miloshev, 2024. "The Problem with Bulgaria’s Lack of Funding Directed to the Education Sector," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 1-69–78, December.
    • Handle: RePEc:nwe:natrud:y:2024:i:4:p:69-78
    as

    Download full text from publisher

    File URL: https://unwe-research-papers.org/bg/journalissues/article/11588
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    European Union (EU); Gross Domestic product (GDP); Sustainable development goal (SDG); International Standard Classification of Education (ISCED);
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

    Statistics

    Access and download statistics

    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:nwe:natrud:y:2024:i:4:p:69-78. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.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.