ERIC Number: EJ1139397
Record Type: Journal
Publication Date: 2016
Pages: 17
Abstractor: As Provided
ISBN: N/A
ISSN: EISSN-2161-7252
EISSN: N/A
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.
Descriptors: Economic Development, Developing Nations, Developed Nations, Macroeconomics, Educational Benefits, Role of Education, Growth Models, Access to Education, Postsecondary Education, Enrollment Rate, Educational Policy, Alignment (Education), Human Capital, International Studies, Economic Impact, Knowledge Economy
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
Grant or Contract Numbers: N/A