Posted on 15 August 2016.
Numerous studies have emphasized on the importance of investment in human capital where the merit goes to the Nobel Laureates of economy like; Gary Becker, Theodore Schultz and James Heckman.
The paper aims to present some of the results of studies of these Nobel Laureates, which focus on the necessity of investing in human capital especially investment in education even in very early childhood, then the investment in the training of workers for the establishment of labor productivity and investment in improving the quality and health of the population.
From the results of their studies we will get the message to policy makers that investing in human capital should be a priority of government policies especially in countries faced with the problem of unemployment. Unemployment is closely associated with education level, the higher is the education level the lower will be the unemployment rate.
The Importance of Investment in Human Capital: Becker, Schultz and Heckman (662.8 KiB, 859 hits)
Posted in Economics, Information Technology, Knowledge Management, Volume VI, Issue no. 4
Posted on 15 August 2015.
Rajasthan is a main tourism State in the nation. It’s glorious legacy, bright living customs, traditions, wonderful heritage, mesmerizing natural beauty,vibrant folk, energetic people and delicious cuisines are exceptional attractions for both, domestic and foreign tourists.
The substantial and indescribable tourism products of the State offer enormous potential for development of the tourism industry. Improvement of tourism assets and expanding both, domestic and international tourists’ arrivals is a high need for the State especially for the important regions like Hadauti and Shekhawati. Lack of educational programs, awareness, promotion are few reasons that the regions are not able to attract the tourists towards them. In fact the tourists who are visiting Jaipur, Udaipur, Jodhpur, Pushkar etc. tourist places of Rajasthan are even not aware about the hidden treasures of Hadauti and Shekhawati regions. Moreover it the regions are facing the problems related with falling prices of agricultural, economical instability, poor infrastructure, lack of resources, unemployment, lack of entrepreneurship etc. In these situations it becomes more important to focus on the resource in which the regions are rich and distinct from other regions of the State. There is no doubt into the potential of tourism at Hadauti and Shekhawati regions. Tourism knowledge of these regions if provided in a learning methodology and strategically planned way these regions will make a benchmark on the State tourism. From Hedonistic tourism to spiritual every experience tourists can get at Hadoti as well as at Shekhawati region. Therefore, there is a requirement for developing Education Tourism at both the regions. It is the high time to change the present patterns of learning of tourism. The present paper is an attempt to stress upon the education tourism adoption as a growth strategy for the sustainable development of tourism in both the regions. The paper also highlights the hindrances and requirements for creating education tourism as an exclusive part of learning.
Educational Tourism: Strategy for Sustainable Tourism Development with reference of Hadauti and Shekhawati Regions of Rajasthan ,India (699.7 KiB, 1,901 hits)
Posted in Economics, Information Technology, Knowledge Management, Volume V, Issue no. 4
Posted on 15 June 2013.
The article attempts to measure relative efficiency in utilizing public education expenditures in the new EU member states in comparison to the selected EU (plus Croatia) and OECD countries. As resources allocated to education are significantly limited, a special emphasis should be given to their efficient use regarding the institutional and legal constraints. By applying non-parametric methodology, i.e. Data Envelopment Analysis (DEA), a relative efficiency is defined as the deviation from the efficiency frontier which represents the maximum output/outcome attainable from each input level. An analysis of (output-oriented) efficiency measures shows that among the new EU member states Hungary, Estonia and Slovenia seem to be good benchmark countries in the field of primary, secondary and tertiary education, respectively. The empirical results also suggest that, in general, new EU member states show relatively high efficiency in tertiary education efficiency measures.
Relative Efficiency of Education Expenditures in Eastern Europe: A Non-parametric Approach (906.9 KiB, 1,783 hits)
Posted in Economics, Volume III, Issue no. 3
Posted on 15 February 2013.
The study on the contribution of education to economic development process measured by GDP per capita reveals that one of the main factors of influence is the training level of the human factor. Through statistical methods and econometric models, we analyzed the influence of education spending on gross domestic product level. Likewise, the study highlights also the issue of correlation between education spending and employment levels. At the end of the scientific approach, the authors analyze the dependence of education – human development – GDP per capita.
The Contribution of Education to the Economic Development Process of the States (736.8 KiB, 5,283 hits)
Posted in Economics, Volume III, Issue no. 1
Posted on 15 October 2012.
At European level, the allocation of a small amount of financial resources to education as a percentage of GDP associated with major economic difficulties affected the whole structure of the education expenditure: by type of expenditure, level of education and residence type.
State intervention in educational activity requires to be aware of the amount of public expenditure conducted by public bodies, both central and local authorities, to finance this activity. Funding education must provide incentives to ensure efficiency as it is important not only for being the base of a proper organization of the educational activity, but also because it can improve its content.
Education Funding Methods in European States (890.2 KiB, 2,092 hits)
Posted in Knowledge Management, Volume II, Issue no. 5
Posted on 15 February 2012.
Socio-economic changes that followed the 1990 and demographic evolutions have decisively influenced the evolution and structure of labour force in Central Region, as well as the needs for qualification. From this perspective, the present study aimed to capture the opinion of employers in Centre Region with regard to the need for personnel in the following period and the labour market tendencies from the perspective of required qualifications within organisations. The method of the research is direct, the sample being available and composed of 247 subjects. The research is supported by the SOPHRD contract 64/3.3/S/33409 „Establishment of the Permanent Technical Secretariat of the Regional Pact for Employment and Social Inclusion in Centre Region”.
Study on Identifying the Need for Personnel within Organizations and the Labor Market Tendencies from the Perspective of Required Qualifications in Centre Region (776.3 KiB, 1,192 hits)
Posted in Economics, Volume II, Issue no. 1