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The Romanian Education Budget: Financing Pre-University Education (2001–2020)

Author

Listed:
  • Alina Caldararu (Iliescu)

    (Bucharest University of Economic Studies)

  • Gabriella Szekeres (Vancza)

    (Bucharest University of Economic Studies)

  • Mihai Paunica

    (Bucharest University of Economic Studies)

Abstract

Although the economic crisis has not been as substantial to Romania as it has been to Greece or Ireland, it has still had an impact on the education system. The Romanian education budget underwent significant changes in the periods 2001-2020. The budgetary policies for secondary education were affected by the periods of economic crisis. When the economy is recession, the government is more likely to reduce the public expenditure, which includes education. The Economic Crisis of 2008 led to the government reducing the budget for education in Romania in order to balance spending. This meant that there were budget cuts for secondary education in Romania in the period 2001-2020. This paper will review literature on Romania’s pre-university budgetary allocation and conduct a regression analysis to establish the relationship between GDP on the hand and GNI index and Government expenditure on secondary education between 2000 and 2020.

Suggested Citation

  • Alina Caldararu (Iliescu) & Gabriella Szekeres (Vancza) & Mihai Paunica, 2021. "The Romanian Education Budget: Financing Pre-University Education (2001–2020)," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 962-969, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:962-969
    as

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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021-2/Section%205/6.pdf
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    References listed on IDEAS

    as
    1. Mehran, Farhad, 1976. "Linear Measures of Income Inequality," Econometrica, Econometric Society, vol. 44(4), pages 805-809, July.
    2. Armenia ANDRONICEANU & Gurgen OHANYAN, 2016. "Comparative Approach on Education and Healthcare in Romania and Bulgaria as Beneficiaries of the IMF Financial Assistance," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2016(26), pages 25-48, June.
    3. Anca DACHIN & Felix-Constantin BURCEA, 2013. "Structural changes and productivity in the crisis period in Romania. The industry case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(6(583)), pages 139-148, June.
    4. Dan Ţogoe, 2010. "Romanian Pre-University Education Financing. Ideal Vs. Reality," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-49.
    5. repec:agr:journl:v:6(583):y:2013:i:6(583):p:139-148 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic crisis; pre-university budget; recession; education budget; budget cuts;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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