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1 2023

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Analysis of Impact of Educational Attainment on Economic Performance in Visegrád Group Countries

100%

Koišová E. , Masárová J.

nr 51

80-91

The Visegrad Group countries are often cited as an example of a successful transition from a centrally planned economy to a market-based one. Education is crucial in enhancing the quality of human capital, which directly impacts a country's economy. The paper addresses the impact of educational attainment on the gross domestic product in the Visegrad Group countries. To assess the educational attainment of economically active per-sons, the Educational Attainment Index was calculated. The period analysed is the time from 2005 to 2020. Changes in the share of economically active persons with tertiary education were examined, with the best values achieved in Poland compared to other countries. Poland outperformed the remaining Visegrad Group countries in terms of the Educational Attainment Index, but Slovakia and the Czech Republic also managed to perform above the EU average. In terms of gross domestic product per capita, the Visegrad Group countries showed values below the EU average throughout the studied period. The analysis found that Poland had the highest Pearson correlation coefficient between the education index and gross domestic product per capita among the four countries and the EU average.