IDEAS home Printed from https://ideas.repec.org/a/krk/eberjl/v4y2016i1p23-42.html
   My bibliography  Save this article

Historical and Theoretical Framework of the Relation between Higher Education Institutions and the Process of Regional Economic Development

Author

Listed:
  • Alexandru Cristian Fotea

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Corneliu Guțu

    (Academy of Economic Sciences of Moldova)

Abstract

Objective: The objective is to show how the relation between the higher education institutions and their surrounding environment has evolved over the centuries and how it can increase the economic competitiveness of regional and national economies. Research Design & Methods: For the literature review that illustrates the evolution of the relation between higher education institutions and its surroundings we used a qualitative analysis using various sources of information (books, articles, journals etc.) In order to capture the contribution of higher education to sustainable development of national economies in Eastern Europe we used an empirical analysis based on the data and statistics provided by the The Global Competitiveness Report. Findings: In the context of a contemporary global knowledge economy, higher education institutions contribute to the economic competitiveness of regions and nations by performing quality higher education and innovation activities. Implications & Recommendations: Both theoretical literature and practical evidence show that the relation between higher education institutions and the surrounding economies have helped eachother become more competitive. More than ever, nowadays regions and nations must foster and invest in the most important institutions that provide higher education and innovation which increase the competitiveness level. Contribution & Value Added: The originality of this work lies in displaying the historical evolution of higher education in relation to its surrounding environment and the comparative analysis of the two competitivity pillars higher education and innovation in Eastern Europe.

Suggested Citation

  • Alexandru Cristian Fotea & Corneliu Guțu, 2016. "Historical and Theoretical Framework of the Relation between Higher Education Institutions and the Process of Regional Economic Development," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(1), pages 23-42.
    • Handle: RePEc:krk:eberjl:v:4:y:2016:i:1:p:23-42
    as

    Download full text from publisher

    File URL: https://eber.uek.krakow.pl/index.php/eber/article/download/93/pdf_1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : II. New directions," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 309-341.
    4. Prebisch, Raúl, 1949. "O Desenvolvimento Econômico da América Latina e seus Principais Problemas," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 3(3), July.
    5. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    6. Ikenberry, G. John, 1986. "The irony of state strength: comparative responses to the oil shocks in the 1970s," International Organization, Cambridge University Press, vol. 40(1), pages 105-137, January.
    7. Stephen Broadberry & Bishnupriya Gupta, 2006. "The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500–1800," Economic History Review, Economic History Society, vol. 59(1), pages 2-31, February.
    8. John B. Parr, 1973. "Growth Poles, Regional Development, And Central Place Theory," Papers in Regional Science, Wiley Blackwell, vol. 31(1), pages 173-212, January.
    9. Cooke, Philip, 2001. "Regional Innovation Systems, Clusters, and the Knowledge Economy," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(4), pages 945-974, December.
    10. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
    11. Harvey Goldstein & Catherine Renault, 2004. "Contributions of Universities to Regional Economic Development: A Quasi-experimental Approach," Regional Studies, Taylor & Francis Journals, vol. 38(7), pages 733-746.
    12. Vincent Carpentier, 2006. "Funding in Higher Education and Economic Growth in France and the United Kingdom, 1921-2003," Higher Education Management and Policy, OECD Publishing, vol. 18(3), pages 1-22.
    13. de Meulemeester, Jean-Luc & Rochat, Denis, 1995. "A causality analysis of the link between higher education and economic development," Economics of Education Review, Elsevier, vol. 14(4), pages 351-361, December.
    14. repec:fgv:epgrbe:v:3:n:3:a:4 is not listed on IDEAS
    15. Crafts, Nick, 1996. "'Post-neoclassical Endogenous Growth Theory': What Are Its Policy Implications?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(2), pages 30-47, Summer.
    16. Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-834, August.
    17. Richard B. Andrews, 1953. "Mechanics of the Urban Economic Base: Historical Development of the Base Concept," Land Economics, University of Wisconsin Press, vol. 29(2), pages 161-167.
    18. Paul Krugman, 1992. "Does the New Trade Theory Require a New Trade Policy?," The World Economy, Wiley Blackwell, vol. 15(4), pages 423-442, July.
    19. Peter Arbo & Paul Benneworth, 2007. "Understanding the Regional Contribution of Higher Education Institutions: A Literature Review," OECD Education Working Papers 9, OECD Publishing.
    20. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    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. Patel, Dev & Sandefur, Justin & Subramanian, Arvind, 2021. "The new era of unconditional convergence," Journal of Development Economics, Elsevier, vol. 152(C).
    2. Christos N. Pitelis, 2011. "Foreign Direct Investment and Economic Integration," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume III, chapter 1, Edward Elgar Publishing.
    3. Alogoskoufis, G.S. & van der Ploeg, F., 1991. "Money and growth revisited," Discussion Paper 1991-9, Tilburg University, Center for Economic Research.
    4. Paul Lau, Sau-Him, 1999. "I(0) In, integration and cointegration out:: Time series properties of endogenous growth models," Journal of Econometrics, Elsevier, vol. 93(1), pages 1-24, November.
    5. Juan Carlos Aquino & N. R. Ramírez-Rondán, 2020. "Estimating factor shares from nonstationary panel data," Empirical Economics, Springer, vol. 58(5), pages 2353-2380, May.
    6. Jean-Luc Demeulemeester & Claude Diebolt, 2011. "Education and Growth: What Links for Which Policy?," Historical Social Research (Section 'Cliometrics'), Association Française de Cliométrie (AFC), vol. 36(4), pages 323-346.
    7. Jones, Larry E. & Manuelli, Rodolfo E., 1997. "The sources of growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 75-114, January.
    8. Kemal Soyer & Hale Ozgit & Husam Rjoub, 2020. "Applying an Evolutionary Growth Theory for Sustainable Economic Development: The Effect of International Students as Tourists," Sustainability, MDPI, vol. 12(1), pages 1-20, January.
    9. Maté Fodor & Jean Luc De Meulemeester & Denis Rochat, 2019. "The Wavering Economic Thought About The Link Between Education And Growth," Working Papers CEB 19-006, ULB -- Universite Libre de Bruxelles.
    10. repec:eee:labchp:v:3:y:1999:i:pc:p:2943-2984 is not listed on IDEAS
    11. Jun Koo & Tae‐Eun Kim, 2009. "When R&D matters for regional growth: A tripod approach," Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 825-840, November.
    12. Christos N. Pitelis, 2009. "The Sustainable Competitive Advantage and Catching-up of Nations: FDI, Clusters and the Liability (Asset) of Smallness," Management International Review, Springer, vol. 49(1), pages 95-120, February.
    13. Alexander Beames & Mariano Kulish & Nadine Yamout, 2022. "Fiscal Policy and the Slowdown in Trend Growth in an Open Economy," Working Papers 143, Red Nacional de Investigadores en Economía (RedNIE).
    14. Smulders, Sjak & Gradus, Raymond, 1996. "Pollution abatement and long-term growth," European Journal of Political Economy, Elsevier, vol. 12(3), pages 505-532, November.
    15. Philippe Michel & Antoine d'Autume, 1993. "Hystérésis et piège du sous-développement dans un modèle de croissance endogène," Revue Économique, Programme National Persée, vol. 44(2), pages 431-450.
    16. Marion Payen & Patrick Rondé, 2020. "Culture, Institutions and Economic Growth," Working Papers of BETA 2020-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    17. Wu, Mingran & Zhao, Min & Wu, Zhaodan, 2019. "Evaluation of development level and economic contribution ratio of science and technology innovation in eastern China," Technology in Society, Elsevier, vol. 59(C).
    18. Kerekes, Monika, 2007. "Analyzing patterns of economic growth: a production frontier approach," Discussion Papers 2007/15, Free University Berlin, School of Business & Economics.
    19. Schäfer, Andreas, 2002. "Endogenous Growth with Endogenous Fertility and Social Discrimination in Education," Thuenen-Series of Applied Economic Theory 35, University of Rostock, Institute of Economics.
    20. Elvis Dze Achuo & Tii N. Nchofoung & Simplice A. Asongu & Gildas Dohba Dinga, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," Research Africa Network Working Papers 21/073, Research Africa Network (RAN).

    More about this item

    Keywords

    higher education institutions; regional economic development; socio-economic impact;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

    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:krk:eberjl:v:4:y:2016:i:1:p:23-42. 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: Piotr Stanek, PhD. (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    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.