Pegkas, Panagiotis - In: Spoudai : journal of economics and business 62 (2012) 1/2, pp. 56-71
This paper examines the impact of education on economic growth in Greece over the period 1981 – 2009 by applying the model with two sectors introduced by Lucas (1988). The findings of the empirical analysis reveal that there is no long-run relation between educational stock and output. In the...