THE IMPORTANCE OF INVESTING IN EDUCATION FOR SUSTAINABLE HUMAN DEVELOPMENT. THE CASE OF ROMANIA

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

RESOURCE SUPPORT OF VALUE BASED MANAGEMENT

The paper encapsulates the essence of the resource providing value based management at the enterprises. The study explores the nature and components of diagnostic resources of the enterprise. The features of fixed catego...

PROBLEM BANKS IN UKRAINE: CAUSES AND FUNCTIONING IN 2008 – 2014

It's disclosed the features of identification troubled or insolvent banks according to the requirements of the banking legislation of the USA, the EU and Ukraine. Nowadays, we observe the convergence in the approaches to...

METHODOLOGICAL APPROACHES TO THE ANALYSIS OF EFFICIENCY OF CASH FLOW MANAGEMENT IN INVESTMENT ACTIVITY OF THE ENTERPRISES

The article explores the methodological approaches to the analysis of cash flows in investment activity of the enterprise; the system of motion net cash flows, reflecting the impact of cash management efficiency on the a...

METHODOLOGICAL BASES OF PRACTICAL APPLICATION OF PRODUCTION COSTS MANAGEMENT ACCOUNTING AT OIL AND FAT ENTERPRISES

Implementing of models of production costs management accounting in response to responsibility centers into Ukrainian oil and fat enterprises is the aim of their full optimization in terms of current competitive market....

PARTICULAR QUALITIES OF INTEGRATIONAL INTERACTION DEVELOPMENT OF THE FOOD INDUSTRY IN UKRAINE

Integrated structures forming and their development is an effective area of improving the efficiency of agricultural enterprises in general and the food industry in particular. Specific features of this sector determine...

Download PDF file
  • EP ID EP244126
  • DOI 10.17721/1728-2667.2015/174-9/10
  • Views 68
  • Downloads 0

How To Cite

Camelia Oprean, Sebastian Stan (2015). THE IMPORTANCE OF INVESTING IN EDUCATION FOR SUSTAINABLE HUMAN DEVELOPMENT. THE CASE OF ROMANIA. Вісник Київського національного університету імені Тараса Шевченка. Економіка., 9(174), 61-66. https://europub.co.uk/articles/-A-244126