IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i16p6607-d399357.html

Higher Education as a Determinant of the Competitiveness and Sustainable Development of an Economy

Author

Listed:
  • Miloš Krstić

    (Faculty of Science and Mathematics, University of Niš, Višegradska 33, 18000 Niš, Serbia)

  • José António Filipe

    (Departament of Mathematics, ISTA—School of Technology and Architecture, Instituto Universitário de Lisboa (ISCTE-IUL), Information Sciences, Technologies and Architecture Research Center (ISTAR-IUL), Business Research Unit-IUL (BRU-IUL), 1649-026 Lisbon, Portugal)

  • José Chavaglia

    (Getúlio Vargas Foundation—FGV, 104-Jardim Paulistano, São Paulo 01445-040, Brazil)

Abstract

The aim of this paper is to examine the interdependence between higher education on the one hand and the competitiveness of the economy and sustainable development on the other hand. To examine the mentioned interdependence, we used a sample that includes EU member states and candidate countries. The paper applies correlation and regression analysis of comparative data sections. The research findings indicate a strong correlation between higher education on the one hand and the competitiveness of the economy and sustainable development on the other. The results obtained by research can serve as a “global benchmark” of future public policy in the field of higher education.

Suggested Citation

  • Miloš Krstić & José António Filipe & José Chavaglia, 2020. "Higher Education as a Determinant of the Competitiveness and Sustainable Development of an Economy," Sustainability, MDPI, vol. 12(16), pages 1-22, August.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:16:p:6607-:d:399357
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/16/6607/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/16/6607/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daly, Herman E., 1990. "Toward some operational principles of sustainable development," Ecological Economics, Elsevier, vol. 2(1), pages 1-6, April.
    2. Angel de la Fuente & Juan Francisco Jimeno, 2004. "The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU," UFAE and IAE Working Papers 635.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    3. Robert Huggins & Hiro Izushi & Daniel Prokop & Piers Thompson, 2014. "Regional competitiveness, economic growth and stages of development," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 32(2), pages 255-283.
    4. Mikhail Gershman & Tatiana Kuznetsova, 2013. "Efficient Contract in the R&D Sector: Key Parameters," Foresight and STI Governance, National Research University Higher School of Economics, vol. 7(3), pages 26-36.
    5. George Psacharopoulos & Harry Anthony Patrinos, 2018. "Returns to investment in education: a decennial review of the global literature," Education Economics, Taylor & Francis Journals, vol. 26(5), pages 445-458, September.
    6. Alessandro Dovis & Rishabh Kirpalani, 2020. "Fiscal Rules, Bailouts, and Reputation in Federal Governments," American Economic Review, American Economic Association, vol. 110(3), pages 860-888, March.
    7. Yuriy Gorodnichenko & Gerard Roland, 2017. "Culture, Institutions, and the Wealth of Nations," The Review of Economics and Statistics, MIT Press, vol. 99(3), pages 402-416, July.
    8. Orlando P. PEREIRA, 2013. "Soft skills: from university to the work environment. Analysis of a Survey of Graduates in Portugal," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 105-118.
    9. Margit Suurna & Rainer Kattel, 2010. "Europeanization of innovation policy in Central and Eastern Europe," Science and Public Policy, Oxford University Press, vol. 37(9), pages 646-664, November.
    10. Biagi, Federico & Lucifora, Claudio, 2008. "Demographic and education effects on unemployment in Europe," Labour Economics, Elsevier, vol. 15(5), pages 1076-1101, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Florența-Diana Tănase & Suzana Demyen & Venera-Cristina Manciu & Adrian-Costinel Tănase, 2022. "Online Education in the COVID-19 Pandemic—Premise for Economic Competitiveness Growth?," Sustainability, MDPI, vol. 14(6), pages 1-28, March.
    2. Iuliana-Raluca Gheorghe & Consuela-Mădălina Gheorghe & Alexandra Perju-Mitran & Ovidiu Popa-Velea, 2025. "Can Incentives Ensure the Social Sustainability of Blood Donation? Insights from a Romanian Higher Education Institution," Sustainability, MDPI, vol. 17(8), pages 1-18, April.
    3. Yan Huang & Yang Feng & Da Gao & Jiawen Wei & Kai Wu, 2025. "The Power of Knowledge: How Can Educational Competitiveness Improve Urban Energy Efficiency?," Sustainability, MDPI, vol. 17(14), pages 1-20, July.
    4. Harman Preet Singh & Ajay Singh & Fakhre Alam & Vikas Agrawal, 2022. "Impact of Sustainable Development Goals on Economic Growth in Saudi Arabia: Role of Education and Training," Sustainability, MDPI, vol. 14(21), pages 1-25, October.
    5. Fakhri J. Hasanov & Noha Razek, 2023. "Oil and Non-Oil Determinants of Saudi Arabia’s International Competitiveness: Historical Analysis and Policy Simulations," Sustainability, MDPI, vol. 15(11), pages 1-39, June.
    6. Zhe Cheng & Tong Xiao & Chen Chen & Xiong Xiong, 2022. "Evaluation of Scientific Research in Universities Based on the Idea of Education for Sustainable Development," Sustainability, MDPI, vol. 14(4), pages 1-18, February.
    7. Mila Kavalić & Milan Nikolić & Dragica Radosav & Sanja Stanisavljev & Mladen Pečujlija, 2021. "Influencing Factors on Knowledge Management for Organizational Sustainability," Sustainability, MDPI, vol. 13(3), pages 1-18, February.
    8. Samereh Pourmoradian & Ali Vandshoari & Davoud Omarzadeh & Ayyoob Sharifi & Naser Sanobuar & Seyyed Samad Hosseini, 2021. "An Integrated Approach to Assess Potential and Sustainability of Handmade Carpet Production in Different Areas of the East Azerbaijan Province of Iran," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    9. Naeimah Fahad S. Almawishir & Houcine Benlaria, 2023. "Using the PLS-SEM Model to Measure the Impact of the Knowledge Economy on Sustainable Development in the Al-Jouf Region of Saudi Arabia," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    10. Danilo Đokić & Bojan Matkovski & Marija Jeremić & Ivan Đurić, 2022. "Land Productivity and Agri-Environmental Indicators: A Case Study of Western Balkans," Land, MDPI, vol. 11(12), pages 1-13, December.
    11. Danilo Đokić & Tihomir Novaković & Dragana Tekić & Bojan Matkovski & Stanislav Zekić & Dragan Milić, 2022. "Technical Efficiency of Agriculture in the European Union and Western Balkans: SFA Method," Agriculture, MDPI, vol. 12(12), pages 1-18, November.
    12. Nemanja Berber & Agneš Slavić & Marko Aleksić, 2020. "Relationship between Perceived Teamwork Effectiveness and Team Performance in Banking Sector of Serbia," Sustainability, MDPI, vol. 12(20), pages 1-15, October.
    13. Bach Q. Ho, 2021. "Effects of Learning Process and Self-Efficacy in Real-World Education for Sustainable Development," Sustainability, MDPI, vol. 13(1), pages 1-11, January.
    14. Đokić, Danilo & Matkovski, Bojan & Jeremić, Marija & Đurić, Ivan, 2022. "Land productivity and agri-environmental indicators: A case study of Western Balkans," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(12), pages 1-13.
    15. Salvador Baena-Morales & Daniel Jerez-Mayorga & Pedro Delgado-Floody & Jesús Martínez-Martínez, 2021. "Sustainable Development Goals and Physical Education. A Proposal for Practice-Based Models," IJERPH, MDPI, vol. 18(4), pages 1-17, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ettore Bompard & Daniele Grosso & Tao Huang & Francesco Profumo & Xianzhang Lei & Duo Li, 2018. "World Decarbonization through Global Electricity Interconnections," Energies, MDPI, vol. 11(7), pages 1-29, July.
    2. Charfeddine, Lanouar & Umlai, Mohamed, 2023. "ICT sector, digitization and environmental sustainability: A systematic review of the literature from 2000 to 2022," Renewable and Sustainable Energy Reviews, Elsevier, vol. 184(C).
    3. Ji Liu, 2024. "Education legislations that equalize: a study of compulsory schooling law reforms in post-WWII United States," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    4. Uwe Sunde & Thomas Dohmen & Benjamin Enke & Armin Falkbriq & David Huffman & Gerrit Meyerheim, 2022. "Patience and Comparative Development," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(5), pages 2806-2840.
    5. Gheorghe Epuran & Bianca Tescașiu & Alina-Simona Tecău & Ioana-Simona Ivasciuc & Adina-Nicoleta Candrea, 2020. "Permaculture and Downshifting-Sources of Sustainable Tourism Development in Rural Areas," Sustainability, MDPI, vol. 13(1), pages 1-19, December.
    6. Hongbin Li & Huan Wang & Claire Cousineau & Matthew Boswell, 2023. "What Can Students Gain from China's Higher Education?," Asian Economic Policy Review, Japan Center for Economic Research, vol. 18(2), pages 287-304, July.
    7. Florian Fizaine, 2021. "La croissance verte est-elle durable et compatible avec l’économie circulaire ? Une approche par l’identité IPAT," Post-Print hal-03884377, HAL.
    8. Švarc, Jadranka & Dabić, Marina, 2021. "Transformative innovation policy or how to escape peripheral policy paradox in European research peripheral countries," Technology in Society, Elsevier, vol. 67(C).
    9. Saad, Mohsen & Samet, Anis, 2020. "Collectivism and commonality in liquidity," Journal of Business Research, Elsevier, vol. 116(C), pages 137-162.
    10. Maertens, Annemie & Wollni, Meike & Wei, Jaizhu & Li, Lingzhi & Zhou, Li, 2023. "Reducing antibiotics: Evidence from an Experiment among Poultry Farmers in China," 2023 Annual Meeting, July 23-25, Washington D.C. 335494, Agricultural and Applied Economics Association.
    11. Shuning Chen & Xiangdan Piao & Jun Xie & Shunsuke Managi, 2025. "Human capital and regional disparities: Advancing accounting frameworks with education, health, and population dynamics," PLOS ONE, Public Library of Science, vol. 20(3), pages 1-18, March.
    12. Jerg Gutmann & Stefan Voigt, 2020. "Judicial independence in the EU: a puzzle," European Journal of Law and Economics, Springer, vol. 49(1), pages 83-100, February.
    13. Dang, Hai-Anh H. & Trinh, Trong-Anh, 2021. "Does the COVID-19 lockdown improve global air quality? New cross-national evidence on its unintended consequences," Journal of Environmental Economics and Management, Elsevier, vol. 105(C).
    14. Hansen, Casper Worm, 2013. "Economic growth and individualism: The role of informal institutions," Economics Letters, Elsevier, vol. 118(2), pages 378-380.
    15. Yasser Razak Hussain & Pranab Mukhopadhyay, 2023. "How Much do Education, Experience, and Social Networks Impact Earnings in India? A Panel Data Analysis Disaggregated by Class, Gender, Caste and Religion," SAGE Open, , vol. 13(4), pages 21582440231, December.
    16. N. David Pifer & Christopher M. McLeod & William J. Travis & Colten R. Castleberry, 2020. "Who Should Sign a Professional Baseball Contract? Quantifying the Financial Opportunity Costs of Major League Draftees," Journal of Sports Economics, , vol. 21(7), pages 746-780, October.
    17. Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2024. "Health and economic growth: Reconciling the micro and macro evidence," World Development, Elsevier, vol. 178(C).
    18. Garloff, Alfred & Roth, Duncan, 2016. "Regional age structure and young workers' wages," IAB-Discussion Paper 201606, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    19. Alesina, Alberto & Giuliano, Paola, 2014. "Family Ties," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 4, pages 177-215, Elsevier.
    20. Ramón Barberán & Julio López-Laborda & Fernando Rodrigo, 2022. "The Perception of Residential Water Tariff, Consumption, and Cost: Evidence of its Determinants Using Survey Data," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(9), pages 2933-2952, July.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:16:p:6607-:d:399357. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.