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The Contribution of Education to the Economic Development Process of the States

Author

Listed:
  • Rodica Gherghina

    (The Bucharest University of Economic Studies, Faculty of Finance, Insurance, Banking and Stock Exchange,Finance Department)

  • Ioana Duca

    (Titu Maiorescu University, Faculty of Economic Sciences, Finance, Banking and Business Administration Department)

Abstract

The study on the contribution of education to economic development process measured by GDP per capita reveals that one of the main factors of influence is the training level of the human factor. Through statistical methods and econometric models, we analyzed the influence of education spending on gross domestic product level. Likewise, the study highlights also the issue of correlation between education spending and employment levels. At the end of the scientific approach, the authors analyze the dependence of education – human development – GDP per capita.

Suggested Citation

  • Rodica Gherghina & Ioana Duca, 2013. "The Contribution of Education to the Economic Development Process of the States," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(1), pages 1-11, February.
    • Handle: RePEc:spp:jkmeit:1353
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    More about this item

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • I2 - Health, Education, and Welfare - - Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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