Education and Economic Development: An Empirical Analysis for Greece - Theoretical Economics Letters

TEL > Vol.13 No.7, December 2023

Theoretical Economics Letters

Volume 13, Issue 7 (December 2023)

ISSN Print: 2162-2078 ISSN Online: 2162-2086

Google-based Impact Factor: 1.19 Citations h5-index & Ranking

Education and Economic Development: An Empirical Analysis for Greece ()

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DOI: 10.4236/tel.2023.137095 56 Downloads 306 Views

Author(s)

Antonios Adamopoulos^1,2

Affiliation(s)

¹Department of Business Administration, School of Economic Sciences, University of Western Macedonia, Grevena, Greece.
²Department of Sciences of Education, School of Humanities, Hellenic Open University, Patra, Greece.

ABSTRACT

This paper inquires the interrelation between education and economic development for Greece taking into consideration the impact of employment, productivity and technology. Sensitivity analysis scrutinizes the nexus between education and development applying the Monte Carlo simulation process. The results of the empirical research indicated that education affects positively economic development in Greece for the period 2000-2019.

KEYWORDS

Education, Economic Development, Monte Carlo Simulation, Granger Causality

Share and Cite:

Adamopoulos, A. (2023) Education and Economic Development: An Empirical Analysis for Greece. Theoretical Economics Letters, 13, 1657-1668. doi: 10.4236/tel.2023.137095.

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