Εμπειρική διερεύνηση της σχέσης μεταξύ της εκπαίδευσης και του Ακαθάριστου Εγχώριου Προϊόντος σε επιλεγμένες χώρες της Ευρωπαϊκής Ένωσης

Ξυδέα, Ελένη

Empirical investigation of the relationship between education and Gross Domestic Product in selected countries of the European Union

Master Thesis

Author

Ξυδέα, Ελένη

Date

2021-12

Abstract

The purpose of this study is to investigate the relationship between education and Gross Domestic Product in Belgium, Austria, Portugal, and Greece during the 1995-2019 period. The study was based on annual data while methods and techniques of econometrics were applied in order to investigate this relationship. Initially, in order to quantify the impact of education on Gross Domestic Product (GDP), estimation of regression models was carried out. Subsequently, diagnostic tests were applied to ensure the reliability and validity of the models. It was found that the models of all countries successfully completed all tests. In addition, in order to determine the direction of causality between educational variables and GDP, Granger causality tests were applied for each country. The estimation of regression models revealed that the relationship between educational variables and GDP is positive and statistically important for all countries. Granger's causality tests on the other hand, revealed that education affects GDP only in the cases of Portugal and Greece, while regarding the causality relationship in the opposite direction it was found that GDP affects educational variables in Austria, Portugal, and Greece. The GDP of Belgium has been shown to neither influence nor be influenced by educational variables according to causality tests.

Postgraduate Studies Programme

Οικονομική της Εκπαίδευσης και Διαχείριση Εκπαιδευτικών Μονάδων

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

162

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/14034
http://dx.doi.org/10.26267/unipi_dione/1457

Collections

Τμήμα Οικονομικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα