The Impact of the Vocational Secondary Education in Kosovo’s Economic Development in 2002-2017
Purpose: This paper aims to research and determine the impact and role of vocational education in the country's economic development. Design/Methodology/Approach: This paper was produced by combining descriptive statistical methods and econometric models, using primary and secondary data on vocational secondary education and economic development. Findings: The results show that Vocational Secondary Education does not significantly impact economic development in Kosovo. Practical Implications: With a well-organized and focused vocational qualification, economic sectors can be properly established and consolidated. This guarantees regular employment and economic development. Moreover, the lack of new jobs and the mismatch between VET and the labor market are some of the main challenges faced by Kosovan youth. Despite ongoing reforms in the education system and some economic indicators, Kosovo continues to face high levels of youth unemployment. In this regard, Kosovo's unemployment rate in 2019 was 25.70%, while youth unemployment was even more highlighted, reaching the rate of 49.40%. All of this leads to the conclusion that the Kosovo Government's priority should be the establishment and development of the country's education system, and as a result, this would affect the country's economic development. Originality/Value: Findings from this study will be relevant to different ethnicities and not just individuals. Although the study will focus on Kosovo's example, its results could be used in other developing countries. The results will be important for policymakers and regulators, both in the economic field and in education and social development. Companies may be interested in supporting education in order to increase society's innovative capacity. Educational institutions would be recognized as important, and they could redirect their focus to highlighting the needs of the country's economy.