The importance of education in the context of innovation and competitiveness of nations
There are many studies indicating the relation between innovation and competitiveness, and the importance of education for both. In addition, such issues are on the United Nations agenda for the millennium goals until 2030. There is little research seeking to establish the relations between these three elements. The objective of this study was to investigate the education as a determining factor for a country's competitiveness, and to understand its role in the context of the innovation generation. The research used structural equation modelling and data from 138 countries included in the Global Competitiveness Report of the World Economic Forum 2016/2017. The results showed that education is the predecessor of innovation and competitiveness and it comprehends basic education and technical training provided by companies. The study contributes mainly to develop and test education, innovation and competitiveness through a unique integrated structural model.
期刊介绍:
IJEED primarily publishes papers promoting advancement of education economics at all levels. It fills the gap in our understanding of the links between education and the development of individuals, societies and economies. IJEED is particularly interested in international comparisons and detailed studies of educational institutions and outcomes in developing economies. The latter is what distinguishes the journal from other journals whose focus is education economics more generally. Theoretical and empirical analyses at both micro and macro levels receive equal attention. Topics covered include: -Formal and informal education/training; role of voluntary organisations -Economic education and teaching of economics -Higher education: responsiveness to demands of society -Supply of education; education quality, measurement and issues -Teacher/instructor training and quality; dealing with bullying at schools -Access to education; education costs; public vs. private financing -Private school/higher education: private entrepreneurship''s role -Enrolment/drop-out rates, completion rates, and gender imbalance -Returns to education and labour market outcomes -Apprenticeships, training, skills upgrading; implementation, outcomes -Regional, rural/urban, and ethnic disparities in provision of education -Incentives, education delivery and outcomes -Education, health and happiness -International flows of human capital and brain drain -Any other relevant topic