Analysis of the Educational System - An Econometric and Managerial Perspective

Abstract

Abstract Studying education from an econometric perspective provides an understanding of how economic and social factors influence educational process. From this perspective, it is possible to understand how different groups of people are affected by the educational system and find solutions to create a more equitable environment. Regarding this research area, the specialized literature is very vast. However, few schools recognize the interdependence and contributions that school infrastructure (buildings and furniture) can make to the improvement of academic activities in the school. This paperwork thus aims to study the public educational field in Romania from a managerial, as well as a spatial econometric perspective, in order to provide possible solutions for the improvement of the quality of the educational act in schools. The research hypothesis of this work is that certain infrastructure factors, such as the number of teaching staff, classrooms, IT equipment, gymnasiums, school laboratories, school workshops, and sports fields, have an impact on the number of graduates in each county of Romania. Conducting a spatial econometric analysis, the results validate the research hypothesis. The number of graduates from a county is influenced by the number of teaching staff, the number of IT equipment, school laboratories or sports fields existing in the respective county. Thus, Romania should allocate more financial resources to education, especially to motivate teachers, but also to transform the teaching career into an attractive one for passionate and well-prepared young people.