Return on investment in education. Case study on education in Romania

Loredana Ioana Pribac; Andrei Anghelina; Radu Lucian Blaga

doi:10.1515/sues-2016-0003

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Return on investment in education. Case study on education in Romania

Studia Universitatis „Vasile Goldis” Arad – Economics Series

Volume 26 (2016): Issue 1 (March 2016)

By: Loredana Ioana Pribac, Andrei Anghelina and Radu Lucian Blaga

Open Access

|Mar 2016

Abstract

The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/capita, starting from relevant theories and empirical models from literature or implementing additional impact models and variables. Building on the model developed by Mincer (1995) on the yield rates of investment in education, we applied econometric models for Romania, for the period 1960-2010. The results led to a main conclusion, namely, the importance of investment in education is undeniable, it has positive effect on the economic growth of Romania.

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Articles in this issue

DOI: https://doi.org/10.1515/sues-2016-0003 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339

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Language: English

Page range: 26 - 39

Submitted on: Nov 1, 2015

Accepted on: Jan 1, 2016

Published on: Mar 17, 2016

Published by: Vasile Goldis Western University of Arad

In partnership with: Paradigm Publishing Services

Keywords:

education,

human capital,

returns,

investment in education

Related subjects:

Business and economics,

Political economics,

Economic policy,

Business management,

Financial reporting, group accounting, accounting and balancing,

Marketing, sales, customer relations,

Industries,

Banks, financial service provider, insurers

© 2016 Loredana Ioana Pribac, Andrei Anghelina, Radu Lucian Blaga, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 26 (2016): Issue 1 (March 2016)