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Higher Education Funding and Economic Growth: Empirical Evidence from Croatia
Scientific Annals of Economics and Business Pub Date : 2020-01-01 , DOI: 10.47743/saeb-2020-0021
Maja Nikšić Radić 1 , Hana Paleka 2
Affiliation  

Deprived of investment in education, no country can expect sustainable economic growth and development. Higher education is particularly a priceless tool in today's era of globalization that requires continuous education to keep up with new knowledge. According to UNESCO (2014) , higher education is no longer a luxury; it is essential to national, social and economic development. The impact of education on economic growth is possible to observe within the so-called ‘education led growth hypothesis’. The main aim of this paper it to analyse the higher education size and structure, model and financing sources in Croatia and to test the ‘education led growth hypothesis’ on the example of Croatia. The study will apply the Granger causality test to evaluate if there is any causal relationship between investment in higher education and economic growth in Croatia.

中文翻译:

高等教育资金和经济增长:来自克罗地亚的经验证据

没有对教育的投资,任何国家都无法指望可持续的经济增长和发展。在当今全球化时代,高等教育尤其是一种无价的工具,需要不断的教育才能跟上新知识的步伐。根据联合国教科文组织 (2014) 的说法,高等教育不再是一种奢侈品;它对国家、社会和经济发展至关重要。教育对经济增长的影响可以在所谓的“教育带动增长假设”中观察到。本文的主要目的是分析克罗地亚的高等教育规模和结构、模式和资金来源,并以克罗地亚为例检验“教育带动增长假设”。
更新日期:2020-01-01
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