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Quantification of the Impact Level of Education on the Economic Development of Nations

In: Education and Economic Development

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  • Daniela-Mihaela Neamţu

    (Ştefan cel Mare University of Suceava)

Abstract

The causes of geographical differences have been analyzed in most theories of regional sciences, which have tried to provide answers to the question of why some regions are distinguished by faster development than others. The explanations are numerous and have been consistent with the reference period. Treiman and Yip (1989), in a comparative study conducted in 21 countries, found that education was a strong determinant of occupational status in many industrialized countries. In particular, in the last two decades, the analysis of regional disparities has become truly important, especially as there has been an increase in the number of empirical studies on convergence (Rey & Janikas, 2005). Analysts, theorists, and practitioners have also used the concept of disparity (discrepancy, inequality, imbalance) to express the differences identified using appropriate mathematical techniques and specific indicators. Education and labor sports are key factors that are changing very quickly and have a major impact on socioeconomic development.

Suggested Citation

  • Daniela-Mihaela Neamţu, 2023. "Quantification of the Impact Level of Education on the Economic Development of Nations," Springer Books, in: Education and Economic Development, chapter 0, pages 247-296, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-20382-4_12
    DOI: 10.1007/978-3-031-20382-4_12
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