Factors that Influence the Number of Students Enrolled in Higher Education Systems in Romania

AuthorPalade, A. - Bratucu, G. - Opris, M.
PositionPh.D. Student, Dept. of Economic Sciences and Business Administration, Transilvania University of Brasov - Dept. of Economic Sciences and Business Administration, Transilvania University of Brasov - Ph.D. Student, Dept. of Economic Sciences and Business Administration, Transilvania University of Brasov
Pages209-216
Bulletin of the Transilvania University of Braşov
Series V: Economic Sciences • Vol. 7 (56) No. 1 - 2014
FACTORS THAT INFLUENCE THE
NUMBER OF STUDENTS ENROLLED
IN THE HIGHER EDUCATION
SYSTEM IN ROMANIA
A. PALADE1 G. BRATUCU
2 M. OPRIŞ1
Abstract: The present article begins with a short analysis of the scientific
literature, represented by theoretical and methodological aspects regarding
the regression analysis. Then, it continues with the description of the data
used for analysis and econometric model construction. The present paper
also presents the adjusting and forecasting curve for the data analysed, as
well as the final conclusions. The general conclusion is that in the following
period the number of students will increase constantly.
Key words: regression analysis, higher education system, econome tric
model, forecasting.
1 Ph.D. Student, Dept. of Economic Sciences and Business Administration, Transilvania University of
Braşov.
2 Dept. of Economic Sciences and Business Administration, Transilvania University of Braşov.
1. Introduction
The education system in Romania has
gone through major changes recently.
Whether we talk about adopting the
Bologna system, which means structuring
the higher education system on three levels
(undergraduate, master’s and doctoral
studies), the emergence of private
universities or classifying educational
facilities in Romania, the increasing
number of students, at the end, all of them
have had an impact on the quality of the
Romanian education.
The economic development of any
country is closely related to the quality of
human resources. Therefore, the
development of higher education is
essential for the Romanian economy.
Barro’s studies, carried out in more than
100 countries, from 1965 to 1995, show
that education (especially higher
education) has a direct impact on the rate
of economic growth [2].
Therefore, in this article some theoretical
aspects regarding the multiple regression
analysis will be reviewed. The paper will
continue with the construction of the
econometric model, followed by the
forecast for the next two academic years,
respectively 2012/2013 and 2013/2014.
The analysed data are the following:
students enrolled in the national system of
higher education (in thousands), higher
education institutions, the faculties in
Romania, the number of teachers (in
thousands), university graduates (in
thousands) and the real wage indices. The

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