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ERIC Number: EJ1002019
Record Type: Journal
Publication Date: 2013
Pages: 29
Abstractor: As Provided
ISSN: ISSN-0098-9495
Justifying the Ivory Tower: Higher Education and State Economic Growth
Baldwin, J. Norman; McCracken, William A., III
Journal of Education Finance, v38 n3 p181-209 Win 2013
As the U.S. continues to embrace a comprehensive plan for economic recovery, this article investigates the validity of the claim that investing in higher education will help restore state economic growth and prosperity. It presents the findings from a study that indicates that the most consistent predictors of state economic growth related to higher education are state and local spending on higher education research and development (R&D) from 1988 to 1996 and number of junior colleges for every million persons in a state population from 1997 to 2008. However, per capita highway spending tends to be the most consistent predictor of economic growth during all of the time periods investigated. (Contains 5 tables and 13 footnotes.)
University of Illinois Press. 1325 South Oak Street, Champaign, IL 61820-6903. Tel: 217-244-0626; Fax: 217-244-8082; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Research
Education Level: Elementary Secondary Education; Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A