Higher education and 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%2F17%3A73581322" target="_blank" >RIV/61989592:15210/17:73581322 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.18267/j.pep.622" target="_blank" >http://dx.doi.org/10.18267/j.pep.622</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.pep.622" target="_blank" >10.18267/j.pep.622</a>
Alternative languages
Result language
angličtina
Original language name
Higher education and economic growth: A comparison between Czech Republic and Romania
Original language description
Although there is a strong theoretical framework for the economic growth and its relationship with education, the empirical evidence of this relationship is rather scarce. In this paper we investigated the causality and the long-run relationship between economic growth and higher education in the Czech Republic and Romania, using data series for 1980–2013 period. We used a VECM to analyse the long-run relationship between higher education and economic growth and Granger methodology to test the causality between variables. The results showed that higher education has an important positive effect on economic growth, although the impact level of the higher education on economic growth is different in the two countries. We also showed that there is a causality relationship that goes from higher education to economic growth for both countries.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
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Volume of the periodical
26
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
20
Pages from-to
467-486
UT code for WoS article
000410716400006
EID of the result in the Scopus database
2-s2.0-85028339691