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STEM Education and Growth in Europe
Journal of the Knowledge Economy ( IF 4.0 ) Pub Date : 2021-07-04 , DOI: 10.1007/s13132-021-00817-7
Maja Bacovic 1 , Bojan Pejovic 1 , Zivko Andrijasevic 2
Affiliation  

The share of STEM programs graduates in relation to the total tertiary graduates declined in Europe for the past two decades, although the expenditures for education and share of tertiary education graduates in total population increased, respectively. The quality of education, measured with the sample mean PISA scores, was almost equal to its 2000 value, lacking improvements. Simultaneously, GDP per person growth rate declined in Europe, the structural changes occurred, with growing share of the services and diminishing of the goods sectors. The share of the high-knowledge manufacturing in relation to GDP declined, which is the subsector with the highest average annual output and productivity growth rates. In services, the share of the knowledge-intensive services, respectively, increased. The descriptive statistics analysis shows strong linear association among the science and technical education, output’s structure, income per person and productivity growth. Applying the panel least square (fixed and random effects) model on the sample of thirty-five European countries and period from 1995 to 2019, we found significant contribution by STEM educated workers to output growth. Contribution to output growth by tertiary educated employees and the outcome of the investment in research and development in the high-knowledge manufacturing and knowledge-intensive services were above all sectors’ average. This is relevant as output and employment growth in these sectors surpass the same in other sectors, therefore contributing to higher income per persons and GDP growth. As STEM skills and investment in research and development have positive impact on GDP per person growth and productivity, its growth is indispensable to foster economic progress.



中文翻译:

欧洲的 STEM 教育与发展

在过去的 20 年中,尽管教育支出和高等教育毕业生在总人口中的份额分别增加,但 STEM 课程毕业生在欧洲高等教育毕业生总数中的份额有所下降。用样本平均 PISA 分数衡量的教育质量几乎等于其 2000 年的值,缺乏改进。与此同时,欧洲人均GDP增速下降,结构性变化发生,服务业比重上升,商品业比重下降。高知识制造业占GDP的比重下降,是年均产量和生产率增长率最高的子行业。在服务业方面,知识密集型服务业的比重分别增加。描述性统计分析表明,科技教育、产出结构、人均收入和生产率增长之间存在很强的线性关联。将面板最小二乘(固定和随机效应)模型应用于 35 个欧洲国家和 1995 年至 2019 年期间的样本,我们发现受过 STEM 教育的工人对产出增长的显着贡献。受过高等教育的员工对产出增长的贡献以及高知识制造业和知识密集型服务业的研发投资成果高于所有行业的平均水平。这是相关的,因为这些部门的产出和就业增长超过了其他部门,因此有助于提高人均收入和 GDP 增长。

更新日期:2021-07-04
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