IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-73506-6_13.html
   My bibliography  Save this book chapter

The Role of Education on Economic Growth: An Empirical Analysis of Central and Eastern European Countries

In: Navigating Economic Uncertainty - Vol. 1

Author

Listed:
  • Yvesa Jusaj

    (South East European University)

  • Valmir Zogaj

    (South East European University)

  • Gadaf Rexhepi

    (South East European University)

  • Hyrije Abazi-Alili

    (South East European University)

Abstract

The aim of this study is to empirically investigate the relationship between education and economic growth in Central and Eastern European countries for the time period 2010–2022. The rationale behind choosing CEE countries is the gap in the literature exploring the role of education on economic growth in Central and Eastern European countries as a whole. Various econometric techniques, such as Pooled Ordinary Least Squares (OLS), Fixed Effects model, Random Effects model, and Hausman-Taylor IVs model, have been employed. The findings show a positive relationship between economic growth, total government expenditure on education, expenditure on tertiary education, and employment to population ratio. On the other hand, there exists a negative relationship with government expenditure per student on tertiary level, primary school enrollment, tertiary school enrollment, and unemployment. Therefore, governments, political parties, civil society, and social workers should support quality education which equip young people with the skills and the necessary knowledge to deal with rapid social, technological, and economic changes.

Suggested Citation

  • Yvesa Jusaj & Valmir Zogaj & Gadaf Rexhepi & Hyrije Abazi-Alili, 2025. "The Role of Education on Economic Growth: An Empirical Analysis of Central and Eastern European Countries," Springer Proceedings in Business and Economics, in: Veland Ramadani & Abdylmenaf Bexheti & Hyrije Abazi-Alili & Carmem Leal & Carlos Peixeira Marques (ed.), Navigating Economic Uncertainty - Vol. 1, pages 223-238, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-73506-6_13
    DOI: 10.1007/978-3-031-73506-6_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:prbchp:978-3-031-73506-6_13. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.