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ERIC Number: EJ1139397
Record Type: Journal
Publication Date: 2016
Pages: 17
Abstractor: As Provided
Reference Count: 77
ISBN: N/A
ISSN: EISSN-2161-7252
Massification and Diversification as Complementary Strategies for Economic Growth in Developed and Developing Countries
Tyndorf, Darryl; Glass, Chris R.
Journal of International Education and Leadership, v6 n3 Fall 2016
Numerous microeconomic studies demonstrate the significant individual returns to tertiary education; however, little empirical evidence exists regarding the effects of higher education massification and diversification agendas on long-term macroeconomic growth. The researchers used the Uzawa-Lucas endogenous growth model to tertiary education massification and diversification agendas in 176 countries using World Bank, EdStats, and UIS data from, 1995-2014. The long-run propensity of economic growth to tertiary education enrollments was found to be positive and significant. Thus, the empirical findings suggest that massification of tertiary education has a significant effect on long-run economic growth when diversification policies complement massification initiatives.
Journal of International Education and Leadership. 432 Rittiman Road, San Antonio, Texas 78209. Tel: 210-519-9870; e-mail: editor@jielusa.org; Web site: http://www.jielusa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A