Research and Development and Education impact in Economic Transformation
Abstract
Purpose: Education, Research and Development (R&D), and Information and Communication Technology (ICT) have emerged as crucial determinants of economic progress in the modern era. This research focuses on the economic transformation by examining the percentage of employees and its shift in the three economic sectors: agriculture, industry, and service sector. Design/ Methodology: The study includes a diverse set of countries, totaling 30 countries, which are categorized into three groups consisting of 10 countries sharing a common classification. The model used for data analysis- Structural Equation Model, fit well and the results of the analysis show a relation among theoretical part and data analysis. Findings: R&D, ICT and education plays a crucial role in shaping employment distribution across sectors and driving economic transformation. As economies evolve, labor is increasingly concentrated in the service sector, while agriculture is gradually diminishing in terms of both employment and its contribution to output. In contrast, the industrial sector is experiencing changes at a slower rate compared to these sectors, suggesting a more gradual transformation in its role within the economy. Originality: The study enhances the existing knowledge in role of R&D, digitalization, and education in the economic transformation.
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How to Cite
Dedaj, B., Mulaj, L.A. (2025). Research and Development and Education impact in Economic Transformation. 13th Higher Education Institutions Conference (HEIC 2025), 04-05 September, 2025, Dubrovnik (Croatia). https://doi.org/10.66781/heic.2025.16
