Educational attainment is a crucial factor underlying economic growth and development. In this study, the mutual interaction between educational attainment and economic growth is investigated in sample of the new Europe-an Union member states, which experienced a structural transformation in institutional, economic, and political fields, over the 1996–2019 term by means of causality test. The consequences of causality analysis revealed a bidirectional causal interaction between educational attainment and economic growth. In other words, on the one hand educational attainment has a significant influence on economic growth, on the other hand economic growth has a significant influ-ence on educational attainment.

DOI: https://doi.org/10.3846/bm.2022.816