THE IMPORTANCE OF INVESTING IN EDUCATION FOR SUSTAINABLE HUMAN DEVELOPMENT. THE CASE OF ROMANIA
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2015, Vol 9, Issue 174
Abstract
In this article, we expect to underscore the importance of investment in education for sustainable human development by analysing the degree of correlation and interdependence that exists in Romania, between the Human Development Index and two different factors: the public spending for education and the public and private investment in the form of R & D expenditure. Human Development Index (HDI) is a complex tool that measure the long term evolution of the average level of human development. It represents the synthesis of three basic dimensions: the chances of living a long healthy life, the exploitation of access to education and the accomplishment of a good way of life. Although achieving a high HDI implies a high level of income, it represents more a matter of social policy and public revenue guidance for the efficient development of the social sector.
Authors and Affiliations
Camelia Oprean, Sebastian Stan
Keywords
Related Articles
- EP ID EP244126
- DOI 10.17721/1728-2667.2015/174-9/10
- Views 67
- Downloads 0
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