Higher education and 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%2F17%3A73581322" target="_blank" >RIV/61989592:15210/17:73581322 - isvavai.cz</a>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Higher education and economic growth: A comparison between Czech Republic and Romania

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Higher education and economic growth: A comparison between Czech Republic and Romania

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Prague Economic Papers

ISSN

1210-0455

e-ISSN

—

Svazek periodika

26

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

20

Strana od-do

467-486

Kód UT WoS článku

000410716400006

EID výsledku v databázi Scopus

2-s2.0-85028339691