In the master's thesis, we discover a link between state investments in education, research, and development and economic growth in the Republic of Slovenia between 2005 and 2017. Education is identified as one of the most important elements of human capital. The field of research and development is also very important for human capital. When it comes to economic growth, investments in human capital and research and development are critical. The task focuses on the relationship between education, research and development, and economic growth. We explain the theoretical link between these investments and economic growth in the theoretical section of the paper. The following section of the task determines the relationship between the mentioned variables in the selected period using multivariate linear regression analysis. Prior to the onset of the global economic crisis in 2008, the Republic of Slovenia experienced relatively rapid economic growth. The Slovenian economy suffered a sharp decline in GDP as a result of the crisis, and it was only after 2014 that the Republic of Slovenia began to move closer to economically more developed countries. On the other hand, investment in education and research and development remained relatively stable during the reviewed period. A detailed statistical analysis reveals that, during the reviewed period, investments in education, research and development, or the interaction of both types of investments had no effect on Slovenian economic growth.
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