engleski

IMPORTANCE OF HIGHER EDUCATION AND INVESTMENT IN HIGHER EDUCATION IN CESEE COUNTRIES

This paper investigates the importance of enrolment in higher education and investment in higher education in 11 CESEE countries, EU members, during the period from 1994 to 2015. The results of panel data analysis confirm that higher education plays significant role in growth process of CESSE countries. More precisely, the results of the augmented Solow model indicate a statistically significant influence of gross enrolment ratio in the tertiary education and expenditure on tertiary education on economic growth. Additionally, the results confirm positive influence of investment while the influence of population growth is not clear as in the similar research.

: higher education, CESEE countries, panel data estimators

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