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Dynamics Of The Share Of Education Expenditures Within Romania’s Gross Domestic Product - Economic And Social Effects

Author

Listed:
  • Adrian Măcriş

    () (University of Petrosani, Romania)

  • Maria Măcriş

    () (University of Petrosani, Romania)

Abstract

The paper fundamentally starts from a generally accepted truth, namely the one stating that education is the basic foundation of social, cultural, and economic development, the guarantee of building a future when young generations are going to benefit from new abilities, knowledge, and ideals; its financing represents a key issue in accomplishing its long term mission in society. The hereby approach deals with an analysis of the evolution of education expenditures within Romania’s gross domestic product which mainly determine the basic economic and social effects.

Suggested Citation

  • Adrian Măcriş & Maria Măcriş, 2010. "Dynamics Of The Share Of Education Expenditures Within Romania’s Gross Domestic Product - Economic And Social Effects," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(4), pages 181-192.
  • Handle: RePEc:pet:annals:v:10:y:2010:i:4:p:181-192
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    File URL: http://upet.ro/annals/economics/pdf/2010/20100418.pdf
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    More about this item

    Keywords

    public education; private education; public expenditures; financing; State budget; subsidies; population; companies; evolution;

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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