Investment in education and the importance to invest in training in maritime sector

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Abstract

Empirical studies have shown that changes in levels of education explain a significant part of changes in income between countries. Many causes and phenomena can affect income. In this there is a “reverse causal link” that exists between the two sizes (countries with a higher GDP offer better educational services). Cuts to education certainly contribute to reducing the numerator of the two “cursed relations” - between deficit and GDP and between debt and GDP. Too often we forget that improving the educational and university system is an investment that in the long term can contribute to the increase of the denominator of these relationships, the GDP, making public finance more sustainable. Investing in the education system and in University is good for the economy, even for the transport sector, of course.

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