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Orientation of Public Policy by Highlighting the Relationship between Economic Development, Education and Eco-Innovation in EU Countries

Author

Listed:
  • Florin VADUVA

    (Titu Maiorescu University, Bucharest, Romania)

  • Rodica GHERGHINA

    (Bucharest University of Economic Studies, Romania)

  • Ioana DUCA

    (Titu Maiorescu University, Bucharest, Romania)

Abstract

The authors’ scientific endeavour takes into account the fact that one of the most important drivers of a nation’s economic growth is the population’s level of education and skills. Nowadays, when growth is slowed down and highly volatile, many countries are looking for policies that will stimulate growth. The objective of this research is to investigate some of the aspects concerning the relationship between economic development and human capital through the role of education and eco-innovation activities in EU countries. For the empirical results, some multivariate regression models are computed in R software. The outputs include parameter estimates and standard errors, as well the residual standard error and multiple R-squared. The research results obtained emphasised the fact that “the school expectancy”, “training” and “eco-innovation” indicators have a significant impact on the GDP per capita.

Suggested Citation

  • Florin VADUVA & Rodica GHERGHINA & Ioana DUCA, 2017. "Orientation of Public Policy by Highlighting the Relationship between Economic Development, Education and Eco-Innovation in EU Countries," Romanian Statistical Review, Romanian Statistical Review, vol. 65(3), pages 3-15, September.
    • Handle: RePEc:rsr:journl:v:65:y:2017:i:3:p:3-15
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    References listed on IDEAS

    as
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    3. Ciprian ALEXANDRU & Nicoleta CARAGEA, 2016. "RR by R in Official Statistics," Romanian Statistical Review, Romanian Statistical Review, vol. 64(2), pages 93-100, June.
    4. Geraint Johnes & Jill Johnes (ed.), 2004. "International Handbook on the Economics of Education," Books, Edward Elgar Publishing, number 2847.
    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public policies; economic growth; education; training; eco-innovation;
    All these keywords.

    JEL classification:

    • I - Health, Education, and Welfare
    • I2 - Health, Education, and Welfare - - Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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