Higher education funding and economic growth: empirical evidence from Croatia (CROSBI ID 289185)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Radić, Maja Nikšić ; Paleka, Hana
engleski
Higher education funding and economic growth: empirical evidence from Croatia
Deprived of investment in education, no country can expect sustainable economic growth and development. Higher education is particularly a priceless tool in today's era of globalization that requires continuous education to keep up with new knowledge. According to UNESCO (2014), higher education is no longer a luxury ; it is essential to national, social and economic development. The impact of education on economic growth is possible to observe within the so-called ‘education led growth hypothesis’. The main aim of this paper it to analyse the higher education size and structure, model and financing sources in Croatia and to test the ‘education led growth hypothesis’ on the example of Croatia. The study will apply the Granger causality test to evaluate if there is any causal relationship between investment in higher education and economic growth in Croatia.
economic growth ; education ; sustainable development ; higher education ; Granger causality ; Croatia
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Podaci o izdanju
67 (3)
2020.
409-421
objavljeno
2501-1960
10.47743/saeb-2020-0021
Povezanost rada
Ekonomija