HIGHER EDUCATION AS A DETERMINANT OF THE ECONOMIC GROWTH. A COMPARISON BETWEEN CZECH REPUBLIC AND ROMANIA

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

HIGHER EDUCATION AS A DETERMINANT OF THE ECONOMIC GROWTH. A COMPARISON BETWEEN CZECH REPUBLIC AND ROMANIA

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

HIGHER EDUCATION AS A DETERMINANT OF THE ECONOMIC GROWTH. A COMPARISON BETWEEN CZECH REPUBLIC AND ROMANIA

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

14

Strana od-do

660-673

Název nakladatele

Societas Scientiarum Olomucensis II.

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

10. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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