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Reimagining Education for Growth: Linking Lifelong Learning, Inclusion, and Public Investment to Economic Performance in the European Union

Year: 2025

Type: article

Abstract: In an era where economies increasingly rely on knowledge and innovation, sustaining long-term growth depends on understanding how education drives productivity beyond conventional measures. Yet, existing studies on the education–growth nexus remain fragmented, often focusing narrowly on schooling attainment while overlooking the complementary roles of lifelong learning and public investment in human capital. Addressing this critical gap, the present study adopts a multidimensional approach to evaluate how educational attainment, adult learning participation, and government expenditure on education collectively shape economic performance across the 27 European Union (EU) member states. Drawing on an unbalanced Eurostat panel dataset (2013–2022), the study employs a fixed-effects regression model with White cross-section robust standard errors to account for heteroskedasticity and serial correlation. The empirical results reveal that all three educational dimensions exert positive and statistically significant effects on GDP, with government educational expenditure emerging as the most influential driver, followed by adult learning participation, underscoring the transformative role of continuous skill renewal in dynamic labor markets. These findings advance Human Capital Theory by framing education not merely as an individual asset but as an interactive, systemic driver of national productivity and resilience. The study offers actionable insights for policymakers, calling for integrated strategies that align formal education, lifelong learning systems, and sustained public investment to foster inclusive, knowledge-driven, and sustainable economic growth across the EU.

Source: Education Sciences

DOI: 10.3390/educsci16010027

Authors: Maria-Delia Oltean, Elias Appiah-Kubi, Lia Alexandra Baltador

Institutions: Transylvania University of Brașov, University of Oradea, Universitatea Din Petrosani, Lucian Blaga University of Sibiu

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Quality education, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,172