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Innovation and the Related Importance of VET

Author

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  • Anton Aufner

    (Faculty of International Relations, University of Economics in Bratislava, Bratislava, Slovak Republic, and Department of Business Studies, University of Applied Sciences Burgenland, Eisenstadt, Austria)

Abstract

In a world, which is characterized by globalization and a high speed of changes to working processes and jobs, the topic of innovation as a driver and precondition of economic growth becomes more and more important. The aim of this conference paper is to document the role of vocational education and training and its influence on innovation. Innovation is the basis for economic growth and the basis for economic growth is a well-trained workforce, which is only available when education systems, especially occupational education systems, target to bring forth highly qualified people, who have foresight and the potential to excel. The success of a country and its position in world economy is a result of its capability to develop human resources, to make people ready and open-minded for innovation and innovation processes. A result of this study is that innovation ensuing from vocational education and training is measurable and becomes visible by comparing economies’ key education and innovation parameters.

Suggested Citation

  • Anton Aufner, 2021. "Innovation and the Related Importance of VET," Economic Research Guardian, Weissberg Publishing, vol. 11(2), pages 202-217, December.
    • Handle: RePEc:wei:journl:v:11:y:2021:i:2:p:202-217
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    File URL: https://www.ecrg.ro/files/p2021.11(2)2y4.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
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    Cited by:

    1. Bakari, Sayef, 2022. "The Impact of Digitalization and Patent on Economic Growth in Romania," MPRA Paper 113951, University Library of Munich, Germany.

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    More about this item

    Keywords

    Innovation; Training; Vocational education;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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