Orientation of Public Policy by Highlighting the Relationship between Economic Development, Education and Eco-Innovation in EU Countries

Florin VĂDUVA (florin_vaduva@yahoo.com)
Titu Maiorescu University, Bucharest, Romania
Rodica GHERGHINA (rodica.gherghina@fin.ase.ro)
Bucharest University of Economic Studies, Romania
Ioana DUCA (ducaioana@yahoo.com)
Titu Maiorescu University, Bucharest, Romania


The authors’ scientific endeavour takes into account the fact that one of the most important drivers of a nation’s economic growth is the population’s level of education and skills. Nowadays, when growth is slowed down and highly volatile, many countries are looking for policies that will stimulate growth. The objective of this research is to investigate some of the aspects concerning the relationship between economic development and human capital through the role of education and eco-innovation activities in EU countries. For the empirical results, some multivariate regression models are computed in R software. The outputs include parameter estimates and standard errors, as well the residual standard error and multiple R-squared. The research results obtained emphasised the fact that “the school expectancy”, “training” and “eco-innovation” indicators have a significant impact on the GDP per capita.

Keywords: public policies, economic growth, education, training, eco-innovation
JEL Classification: I, I2, I25, I28, O1, O15, M21

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Romanian Statistical Review 3/2017