The Impact of Educational Expenditures and Higher Education Attainment on Employment in V4 Countries
The Impact of Educational Expenditures and Higher Education Attainment on Employment in V4 Countries

Author(s): Darya DANCAKOVÁ
Subject(s): Labor relations, Government/Political systems, Comparative politics, State/Government and Education, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: employment rate; education level; education; government expenditures on education;
Summary/Abstract: This paper provides an empirical analysis of the relationship between government expenditures on education and employment rates within V4 countries by comparison with European top performer: Germany. It is generally known that education is nowadays the most important weapon of nations, recognized as the key driver of productivity and economic growth in the knowledge-based economies. A framework for developing and well-skilled/educated workforce can be achieved through the motivation in the public sector to create, share and transmit knowledge. We start with the assumption that the higher level of education of the working age population may cause an employment growth and thus can have a significant impact on economic growth overall, since the sustainable development of economy and society is closely related to education. The goal of this study is to point out the relationship between government expenditures on education and employment growth with aim to estimate whether government spending on education and the higher level of educational attainment have a significant impact employment rates in selected countries.

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