HIGHER EDUCATION AS A DETERMINANT OF THE ECONOMIC GROWTH. A COMPARISON BETWEEN CZECH REPUBLIC AND ROMANIA
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F15%3A33154912" target="_blank" >RIV/61989592:15210/15:33154912 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
HIGHER EDUCATION AS A DETERMINANT OF THE ECONOMIC GROWTH. A COMPARISON BETWEEN CZECH REPUBLIC AND ROMANIA
Original language description
Higher education is one of the most important determinants of the economic growth worldwide. In this paper we investigate the causality and the long run relationship between higher education and economic growth in Czech Republic and Romania for 1980-2013time period. In our approach we used a vector error correction model to analyze the long run relationship between higher education and economic growth and the Granger method to test the causality between variables. The variables employed in our analysisare the number of students enrolled in higher education at all levels, the public education expenditure as a share of GDP and the GDP per capita as a measure of the economic growth. We used data series for these variables available from World Bank, Eurostat, UNESCO Institute for Statistics, Czech Statistical Office and National Statistics Institute of Romania. Our econometric approach was based on checking the stationarity of the data series with ADF and Phillips-Perron methods and test
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Znalosti pro tržní praxi 2015: Ženy - podnikatelky v minulosti a současnosti
ISBN
978-80-87533-12-3
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
660-673
Publisher name
Societas Scientiarum Olomucensis II.
Place of publication
Olomouc
Event location
Olomouc
Event date
Sep 10, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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