Model 1. Taking into account the variables specified, a regression model has been identified to express the
contribution of educational factors to economic growth for the assembly of the newly EU-joining economies. Model
parameters are estimated using the regression-based framework with fixed effect OLS and panel data type. Countries fixed effects assume countries specific intercepts and are meant to control the model by the action of the
other time-invariant factors that can however influence a particular economic growth in each country.