Stochastic analysis of the main macro-economic indicators characterizing higher education in Romania during 2001-2016

• Main Authors: Matei Ani, Cristache Silvia Elena, Marin Erika, Rotaru Florica Georgeta
• Format: Article
• Language: English
• Published: Sciendo 2017-07-01
• Series: Proceedings of the International Conference on Business Excellence
• Subjects: high education system; study programs; macroeconomic indicators; labor market; correlation and regression method; degree of inclusion in education
• Online Access: https://doi.org/10.1515/picbe-2017-0119

The education system in Romania will have to take into account the need to give people the skills and abilities needed to adapt quickly to changing labor markets. In the current context the study is based on comparative statistical analyses and correlations in the field of human resources in the higher educational system, analyses based on secondary data or information provided by the Romanian Statistical Yearbook published by the National Statistics Institute and other publications by public institutions in Romania such as: The National Bank, The Ministry of National Education, etc. The paper presents the major trends and shift in macroeconomic indicators specific to higher education and proposes a model to better understand the relationship between these indicators. In conclusion without continuous training and mobile resource salary comparable to those of EU countries, along with an infusion of capital proper, cannot achieve highly educated people well integrated, civilized, cultivated so as to reach sustainable growth on the long term. In this regard the Ministry of National Education and RQAAHE launched nationwide research projects involving both teaching staff in higher education, and the alumni and students. In order to decrease unemployment among young people (24-30 years) were involved in these projects and employers so that there is a better relationship between skills acquired in the continuous education and labor market; projects that are underway or to be implemented.