DYNAMICS OF THE SHARE OF EDUCATION EXPENDITURES WITHIN ROMANIA’S GROSS DOMESTIC PRODUCT - ECONOMIC AND SOCIAL EFFECTS

The paper fundamentally starts from a generally accepted truth, namely the one stating that education is the basic foundation of social, cultural, and economic development, the guarantee of building a future when young generations are going to benefit from new abilities, knowledge, and ideals; its f...

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Bibliographic Details
Main Authors: ADRIAN MĂCRIŞ, MARIA MĂCRIŞ
Format: Article
Language:English
Published: University of Petrosani 2010-01-01
Series:Annals of the University of Petrosani: Economics
Subjects:
Online Access:http://www.upet.ro/anale/economie/pdf/20100418.pdf
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Summary:The paper fundamentally starts from a generally accepted truth, namely the one stating that education is the basic foundation of social, cultural, and economic development, the guarantee of building a future when young generations are going to benefit from new abilities, knowledge, and ideals; its financing represents a key issue in accomplishing its long term mission in society. The hereby approach deals with an analysis of the evolution of education expenditures within Romania’s gross domestic product which mainly determine the basic economic and social effects.
ISSN:1582-5949