Formal Education in Romania and Economic Growth

7 Pages Posted: 16 Jan 2009

See all articles by Laura Diaconu

Laura Diaconu

Alexandru Ioan Cuza University - Faculty of Economics and Business Administration

Cristian Popescu

Alexandru Ioan Cuza University - Faculty of Economics and Business Administration

Date Written: January 15, 2009

Abstract

The present paper analyzes the way in which the formal education, acquired especially through the learning system, can influence the Romania's stock of human capital. Unfortunately, in our country this type of education is free of charge at almost all the levels, fact that diminishes the marginal utility and the value that a person gives to each additional school year. Moreover, the resource allocation is made according to principles hard to identify. The primary and the secondary education has been neglected long time because it was wrongly considered that a greater importance given to the tertiary education would increase the human capital stock.

Keywords: formal education, learning system, human capital, level of development

JEL Classification: I20, I30

Suggested Citation

Diaconu, Laura C. and Popescu, Cristian C., Formal Education in Romania and Economic Growth (January 15, 2009). Available at SSRN: https://ssrn.com/abstract=1328216 or http://dx.doi.org/10.2139/ssrn.1328216

Laura C. Diaconu

Alexandru Ioan Cuza University - Faculty of Economics and Business Administration ( email )

Bd. Carol I no.22
Iasi, RO-700505
Romania

Cristian C. Popescu (Contact Author)

Alexandru Ioan Cuza University - Faculty of Economics and Business Administration ( email )

Bd. Carol I no.22
Iasi, RO-700505
Romania

HOME PAGE: http://www.feaa.uaic.ro/catedre/in3.asp?codcat=EC

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
86
Abstract Views
1,278
rank
372,049
PlumX Metrics