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The Influence of the Quality of Education on the Knowledge Economy: the Czech Republic in International Comparison

Author

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  • Hana Kuèerová

    (University of Pardubice, Faculty of Economics and Administration)

Abstract

The knowledge economy consists in the creation of added value based on the use of knowledge not only due to manual production but especially due to the growing importance of education and the use of scientifi c knowledge in terms of the overall competitiveness of the country. The education of the population is thus a crucial factor determining the level of economic development and quality of life. The educational structure of the population aff ects the performance of the whole economy, as well as the performance of individual companies. Human development indicators, which are published in the UN Human Development Report, include education quality indicators. The paper aims to perform a comparative analysis of education quality indicators in the Czech Republic and an international comparison. Based on selected statistical results of comparative analysis, determine the order of states in the evaluation of the quality of education. Furthermore, using the results, compile a SWOT analysis of the quality of education in the Czech Republic, based on which the fundamental problems of Czech education will be defi ned and recommendations for improving the quality of education in the Czech Republic as one of the key determinants of the knowledge economy.

Suggested Citation

  • Hana Kuèerová, 2021. "The Influence of the Quality of Education on the Knowledge Economy: the Czech Republic in International Comparison," ACTA VSFS, University of Finance and Administration, vol. 15(1), pages 93-112.
    • Handle: RePEc:prf:journl:v:15:y:2021:i:1:p:93-112
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    References listed on IDEAS

    as
    1. Konstantinos Angelopoulos & James Malley & Apostolis Philippopoulos, 2017. "Human Capital Accumulation and Transition to Skilled Employment," Journal of Human Capital, University of Chicago Press, vol. 11(1), pages 72-105.
    2. Philippe Belley, 2017. "Understanding Wage Growth: Estimating and Testing Learning-by-Doing," Journal of Human Capital, University of Chicago Press, vol. 11(2), pages 213-246.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; knowledge economy; human development; comparative analysis; Czech Republic; international comparison;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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