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Contribution of Education Funding to Economic Growth in Romania


  • Assoc. Prof. Raluca Dracea Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assoc. Prof. Mirela Cristea Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assoc. Prof. Narcis Mitu Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)


The present paper tries to investigate the impact of education funding over the economic growth in Romania during the interval of time 1991-2009. It also attempts to answer the following question: does investment in education help the economic growth in Romania? If the answer is positive, then, how important are the allocations of investments in education matter? For a complete analysis, we have applied the regression method, and the statistical data have been provided by the National Institute of Statistics and the Romanian Ministry of Education.

Suggested Citation

  • Assoc. Prof. Raluca Dracea Ph. D & Assoc. Prof. Mirela Cristea Ph. D & Assoc. Prof. Narcis Mitu Ph. D, 2010. "Contribution of Education Funding to Economic Growth in Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-11, May.
  • Handle: RePEc:aio:aucsse:v:2:y:2010:i:11:p:160-170

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    References listed on IDEAS

    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1-9.
    2. Judson, Ruth, 1998. "Economic Growth and Investment in Education: How Allocation Matters," Journal of Economic Growth, Springer, vol. 3(4), pages 337-359, December.
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    1. repec:aio:aucsse:v:1:y:2017:i:45:p:82-94 is not listed on IDEAS

    More about this item


    education expenditure; economic growth; statistical analysis; linear regression.;

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access


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