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Human Capital - The Effects of Education on Economic Growth Within the European Union

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  • Pribac Loredana

    ("Vasile Goldis" Western University of Arad)

  • Anghelina Andrei

    ("Vasile Goldis" Western University of Arad)

Abstract

Human capital has an impact on economic growth by several channels. This study presents a conceptual research model that we built starting from the economic increase models which explain the way in which the revenue per inhabitant was created taking into account mechanisms, channels and influence factors. I applied this model to the member states of the European Union and the results obtained confirmed the existence of some positive effects of human capital - expressed through education - on economic growth.

Suggested Citation

  • Pribac Loredana & Anghelina Andrei, 2015. "Human Capital - The Effects of Education on Economic Growth Within the European Union," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 25(3), pages 35-44, August.
    • Handle: RePEc:vrs:suvges:v:25:y:2015:i:3:p:35-44:n:4
    DOI: 10.1515/sues-2015-0020
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    References listed on IDEAS

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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    2. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    3. Olimpia NEAGU, 2012. "Measuring the Effects of Human Capital on Growth in the Case of Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 83-92.
    4. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 1127-1170.
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    Cited by:

    1. Mahmoud Ali Hailat, 2018. "Education of Jordanians: Outcomes in a Challenging Environment," Working Papers 1221, Economic Research Forum, revised 18 Sep 2018.
    2. Neagu Olimpia & Dumiter Florin & Braica Alexandra & Jimon Ștefania & David Gabriela, 2019. "The Correlation Between Human Capital and Gross Added Value in the Bioeconomy Sectors at the European Union (EU) Country Level," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(1), pages 1-20, March.

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