The influence of state regulation of education for achieving the sustainable development goals: case study of Central and Eastern European countries

Nowadays, we are becoming more and more convinced that the educational sphere cannot be underestimated and we do not pay enough attention to its development. After all, it is responsible for the formation of a well-developed and indifferent personality both in social and environmental problems, as well as qualified workers in accordance with the modern requirements of the world. In this context, optimal government regulation of education will contribute not only to economic growth and the acquisition of intellectual capital of the country, which will ensure its competitiveness and innovations, but also to balanced sustainable development, which is important on a planetary scale. This article is devoted to the analysis of the interrelation between indicators of state regulation of the education sector and the achievement of sustainable development goals. For this purpose, the method of integral indicators with elements of the method of principal components (for each sustainable development goal) was used, as well as regression models with fixed effects (to determine the presence and nature of the link between state regulation of the education and the goals of sustainable development). The basis for the study was the official data of 14 countries of Central and Eastern Europe for 2006-2016 years, which is presented as panel data. The obtained results made it possible to confirm the existence of such interrelation, where the most effective state instrument proved to be the state financing of the education sector