Studying the Role Oof Education for the Economic Development of Regions in Bulgaria

The present research is dedicated to studying the influence of the educational structure of the employed persons on the economic results achieved. Comprehensive and reliable statistics by area have been used. An integral coefficient of structural differences by educational degrees was used, calculated by area, for which, with the help of a linear correlation coefficient, a connection was sought with the created gross added value of one employed person by area. The obtained results show a stimulating effect of high levels of education on the achieved economic results. This beneficial effect of the relative share of employed persons with higher education is particularly strong. It is concluded that the restructuring of economic activities in the territory in favor of knowledge-intensive processes and technologies would have a favorable impact on labor productivity and would contribute to the sustainable development of the territory and to the improvement of the living status of the population.

Authors

Publication Details

Journal
Strategies for Policy in Science and Education-Strategii na Obrazovatelnata i Nauchnata Politika
Published
2024-10-15
DOI
https://doi.org/10.53656/str2024-5-2-stu
Citations
1
Primary Topic
Economic Systems and Logistics Management
Type
article
Field-Weighted Citation Impact
0.83
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article

Studying the Role Oof Education for the Economic Development of Regions in Bulgaria

Nikolay Stoenchev
1 citations
Strategies for Policy in Science and Education-Strategii na Obrazovatelnata i Nauchnata Politika
Economic Systems and Logistics Management
0.83
article

Studying the Role Oof Education for the Economic Development of Regions in Bulgaria

Nikolay Stoenchev
article en
1 citations

Abstract

The present research is dedicated to studying the influence of the educational structure of the employed persons on the economic results achieved. Comprehensive and reliable statistics by area have been used. An integral coefficient of structural differences by educational degrees was used, calculated by area, for which, with the help of a linear correlation coefficient, a connection was sought with the created gross added value of one employed person by area. The obtained results show a stimulating effect of high levels of education on the achieved economic results. This beneficial effect of the relative share of employed persons with higher education is particularly strong. It is concluded that the restructuring of economic activities in the territory in favor of knowledge-intensive processes and technologies would have a favorable impact on labor productivity and would contribute to the sustainable development of the territory and to the improvement of the living status of the population.

Strategies for Policy in Science and Education-Strategii na Obrazovatelnata i Nauchnata PolitikaVol. 32(5)
Openalex Percentile: Top 20%
Economic Systems and Logistics Management
0.83
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Studying the Role Oof Education for the Economic Development of Regions in Bulgaria — Nikolay Stoenchev · Strategies for Policy in Science and Education-Strategii na Obrazovatelnata i Nauchnata Politika (2024) | TGRS Research Map | TGRS