ECONOMETRIC MODELING OF THE IMPACT OF NON-FORMAL EDUCATION ON THE LIVING STANDARDS OF THE ARMENIAN POPULATION

Non-formal education is undergoing a phase of reform and is currently more prominent among the population. In parallel, we do not have a clear statistic on the outcomes of the non-formal edutaion in the Republic of Armenia. There are also no evidence-based assessments of the economic impact of the non-formal education on standards of living in Armenia. Meanwhile, the needs for non-formal and continuing education are growing driven by the ever-increasing employment market development trends. The study attempts to fill this gap and presents measurable results through models of the impact of non-formal education on the living standards of the population in the RA.