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Building bridges between higher education and the business environment for regional development in the South-East Europe


  • Mircea Untaru

    () (Department of Economics, “Ioan Slavici” University of Timisoara, Romania)


Even if the tertiary education system is being improved, the employment rate of the freshly graduates is still not balanced with the labour market. The general objective of the present study is to integrate this matter as an influence factor of regional development in South-East Europe. The methodology regards three specific objectives, pursuing the establishment of key points in improving the sustainable connection between higher education and the business environment. First, a literature review is made for the debate basis. Second, an analysis for creating such bridges is pursued empirically through a case study at West development region level, in Romania. Third, the case study is exemplified by an analysis of educational institutional development through European projects. The results target the development of a methodology for creating bridges between the two environments.

Suggested Citation

  • Mircea Untaru, 2012. "Building bridges between higher education and the business environment for regional development in the South-East Europe," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(44), pages 183-198, June.
  • Handle: RePEc:rej:journl:v:15:y:2012:i:44:p:183-198

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    References listed on IDEAS

    1. Dakurah, A. Henry & Davies, Stephen P. & Sampath, Rajan K., 2001. "Defense spending and economic growth in developing countries: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 23(6), pages 651-658, August.
    2. Deger, Saadet & Sen, Somnath, 1983. "Military expenditure, spin-off and economic development," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 67-83.
    3. J. Paul Dunne a,† & Sam Perlo-Freeman ‡ & Aylin Soydan §, 2004. "Military expenditure and debt in South America," Defence and Peace Economics, Taylor & Francis Journals, vol. 15(2), pages 173-187, April.
    4. Christos Kollias & Stelios Makrydakis, 1997. "Is there a Greek-Turkish arms race?: Evidence from cointegration and causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(4), pages 355-379.
    5. Looney, Robert E, 1989. "Impact of Arms Production on Income Distribution and Growth in the Third World," Economic Development and Cultural Change, University of Chicago Press, vol. 38(1), pages 145-153, October.
    6. Paresh Kumar Narayan & Russell Smyth, 2007. "The Military Expenditure-External Debt Nexus: New Evidence From A Panel Of Middle Eastern Countries," Monash Economics Working Papers 17-07, Monash University, Department of Economics.
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    More about this item


    European projects; regional economic analysis; interdisciplinary tertiary institutions; qualitative human resource formation; empirical analysis;

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy


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