HOW UNIVERSITIES DETERMINE ECONOMIC DEVELOPMENT IN 27 EU MEMBER STATES
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F22%3A43965552" target="_blank" >RIV/49777513:23510/22:43965552 - isvavai.cz</a>
Výsledek na webu
<a href="https://acc-ern.tul.cz/acc-journal/archiv" target="_blank" >https://acc-ern.tul.cz/acc-journal/archiv</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/004/2022-2-009" target="_blank" >10.15240/tul/004/2022-2-009</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
HOW UNIVERSITIES DETERMINE ECONOMIC DEVELOPMENT IN 27 EU MEMBER STATES
Popis výsledku v původním jazyce
Many European countries nowadays are collaboratively focused on bringing together the most up-to-date technologies and the brightest minds to deal with social, economic, and ecological matters and find a sustainable equipoise. Universities may help to produce appropriate knowledge for such challenges and foster economic and social innovation. This paper reviews evidence of existing bonds between tertiary education and economic growth measured in GDP per capita providing a quantitative evaluation of such dependencies using the now widely criticized Cobb-Douglas production function for building Ordinary Least Squares (OLS) and Bayesian Averaging of Classical Estimates (BACE) econometric models. The results obtained in this research showed that tertiary education expenditures and the numbers of mainly male BA and MA graduates (in technologies, sciences and medicine robustly and partially correlate with economic growth. Well-distributed investment in the development of tertiary education STEM majors can potentially strengthen universities’ positive impact on sustainable economic growth.
Název v anglickém jazyce
HOW UNIVERSITIES DETERMINE ECONOMIC DEVELOPMENT IN 27 EU MEMBER STATES
Popis výsledku anglicky
Many European countries nowadays are collaboratively focused on bringing together the most up-to-date technologies and the brightest minds to deal with social, economic, and ecological matters and find a sustainable equipoise. Universities may help to produce appropriate knowledge for such challenges and foster economic and social innovation. This paper reviews evidence of existing bonds between tertiary education and economic growth measured in GDP per capita providing a quantitative evaluation of such dependencies using the now widely criticized Cobb-Douglas production function for building Ordinary Least Squares (OLS) and Bayesian Averaging of Classical Estimates (BACE) econometric models. The results obtained in this research showed that tertiary education expenditures and the numbers of mainly male BA and MA graduates (in technologies, sciences and medicine robustly and partially correlate with economic growth. Well-distributed investment in the development of tertiary education STEM majors can potentially strengthen universities’ positive impact on sustainable economic growth.
Klasifikace
Druh
J<sub>ost</sub> - Ostatní články v recenzovaných periodicích
CEP obor
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OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
The ACC JOURNAL
ISSN
1803-9782
e-ISSN
2571-0613
Svazek periodika
28
Číslo periodika v rámci svazku
2
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
16
Strana od-do
106-121
Kód UT WoS článku
—
EID výsledku v databázi Scopus
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