<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/capita, starting from relevant theories and empirical models from literature or implementing additional impact models and variables. Building on the model developed by Mincer (1995) on the yield rates of investment in education, we applied econometric models for Romania, for the period 1960-2010. The results led to a main conclusion, namely, the importance of investment in education is undeniable, it has positive effect on the economic growth of Romania.</p></abstract>

The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/capita, starting from relevant theories and empirical models from literature or implementing additional impact models and variables. Building on the model developed by Mincer (1995) on the yield rates of investment in education, we applied econometric models for Romania, for the period 1960-2010. The results led to a main conclusion, namely, the importance of investment in education is undeniable, it has positive effect on the economic growth of Romania.

Return on investment in education. Case study on education in Romania

“Vasile Goldis” Western University of Arad

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Return on investment in education. Case study on education in Romania"}

The aim of this study is to develop, test and validate based on a conceptual research model, the influence of education on the GDP/capita, starting from...

Return on investment in education. Case study on education in Romania

Published Online: Mar 17, 2016

Page range: 26 - 39

Received: Nov 01, 2015

Accepted: Jan 01, 2016

DOI: https://doi.org/10.1515/sues-2016-0003

Keywords
education, human capital, returns, investment in education

© 2016 Pribac Loredana Ioana et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Return on investment in education. Case study on education in Romania

Published Online: Mar 17, 2016

Page range: 26 - 39

Received: Nov 01, 2015

Accepted: Jan 01, 2016

DOI: https://doi.org/10.1515/sues-2016-0003

Keywordseducation, human capital, returns, investment in education

© 2016 Pribac Loredana Ioana et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
education, human capital, returns, investment in education