ESTIMATION OF REGRESSION EQUATIONS BETWEEN SOME FORMAL EDUCATION INDICATORS AND GDP, IN ROMANIA

Abstract

The present paper is a part of a post-PhD research entitled Assessment on the impact of education on the macroeconomic development in Romania, as compared to other EU member states. The survey starts with a short overview on the history of education and macroeconomic development in Romania, starting from the 19th century. The paper presents contextual data, indicators as well as the outcome of the research, conducted in order to identify and analyze the impact of education on the macroeconomic development in Romania. The study is based on linear regression models and, respectively, on double log regression models. The purpose is to analyze the relationship between a set of educational indicators as predictors and Gross Domestic Product as a dependent variable.

Keywords

• formal education
• macroeconomic development
• statistical analysis
• regression models