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Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation

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  • Simona Andreea Apostu

    (Department of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
    Institute of National Economy, 050711 Bucharest, Romania)

  • Lindita Mukli

    (Department of Mathematics, Aleksander Moisiu University, 2001 Durres, Albania)

  • Mirela Panait

    (Institute of National Economy, 050711 Bucharest, Romania
    Department of Cybernetics, Economic Informatics, Finance and Accounting, Petroleum-Gas University of Ploiești, 100680 Ploiești, Romania)

  • Iza Gigauri

    (School of Business, Computing and Social Sciences, St. Andrew the First-Called Georgian University, 0179 Tbilisi, Georgia)

  • Eglantina Hysa

    (Department of Economics, Epoka University, 1032 Tirana, Albania)

Abstract

Economic growth is a major goal pursued by public authorities but can be achieved with the involvement of several categories of stakeholders given the complexity of the phenomenon and the many influencing factors. In this research paper, the authors analyze specific current issues that are representative as influencers of economic growth. This study brings into focus the importance of education, particularly tertiary education, entrepreneurship skills, and innovation capacities of businesses. The objectives are (1) to find out if tertiary education leads to economic growth; (2) to examine if innovation is one of the promotors of economic growth; and (3) to discuss the impact of the dynamic of businesses (enterprise birth) on economic growth. The methodology used in this research is panel regression (static model) for a sample consisting of 30 European countries for the period 2003–2020. The main findings are associated with a positive influence of tertiary education on economic growth, whereas the two other variables, that of entrepreneurship and innovation, are found to be insignificant for this time period.

Suggested Citation

  • Simona Andreea Apostu & Lindita Mukli & Mirela Panait & Iza Gigauri & Eglantina Hysa, 2022. "Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation," Administrative Sciences, MDPI, vol. 12(3), pages 1-14, June.
    • Handle: RePEc:gam:jadmsc:v:12:y:2022:i:3:p:74-:d:851342
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    References listed on IDEAS

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    Cited by:

    1. Simona Andreea Apostu & Iza Gigauri & Mirela Panait & Pedro A. Martín-Cervantes, 2023. "Is Europe on the Way to Sustainable Development? Compatibility of Green Environment, Economic Growth, and Circular Economy Issues," IJERPH, MDPI, vol. 20(2), pages 1-17, January.
    2. Tan, Qijia & Li, Cuilan & Qin, Zhaohui & Yu, Siming & Pan, Yuchen & Andrianarimanana, Mihasina Harinaivo, 2023. "Impact of fiscal education expenditure on innovation of local listed enterprises: Evidence from China," Finance Research Letters, Elsevier, vol. 57(C).
    3. Yu Zhang & Jianguo Liu, 2022. "Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China," Sustainability, MDPI, vol. 14(23), pages 1-23, December.

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