The digital economy, which boasts general technology, intense penetration, platform ecology, and low marginal cost, is a product of advanced digital technology. This new engine has become a driving force for high-quality economic development. From the three aspects of development momentum, efficiency, and structure, this paper profoundly explores…

This dissertation consists of three chapters that contribute to the fields of macroeconomics, economic development, and entrepreneurship. In the first chapter, "Entrepreneurship Selection and Performance in the U.S. and Across Countries: The Role of Human Capital," I seek to establish a set of stylized facts related to entrepreneurship…

As an indicator of nations' prosperity and economic competitiveness, research impacts the mounting roles and requirements placed upon academic researchers. Internationally, researchers are expected to effectively operate in the fast-changing and demanding research environment. Such effectiveness corresponds mainly to their ability to establish…

In the third of this series on graduate outcomes, Universities UK has analysed a range of data sources looking at employment of graduates, to show the impact of graduate skills across the country, how patterns differ across regions and industries, and comparisons to non-graduates and wider employees. This analysis focuses on: (1) Evidence for the…

The purpose of this dissertation is to examine the effects of fiscal policy rules for funding higher education on macroeconomic concerns. Alternative government funding policies impact an endogenous household decision over post-secondary higher education and subsequently, economic output, growth, and income distribution. The link between human…

The United Kingdom (UK) is facing a series of long-term economic challenges. To confront increasing regional inequality, flagging productivity and an ever-widening skills gap, universities and local businesses need to work together better. University Enterprise Zones (UEZs) offer a promising solution. The report, "Our Universities: Generating…

Though there is an existence of writings on human capital and its relationship to growth, but it has missed the economic impact of universities. It is known that the knowledge of economy has a positive role in achieving economic development. So my paper focuses on the role of education expenditure in achieving economic development. The human…

In the second of a series on graduate outcomes, Universities UK analysed a range of data sources looking at employment and earnings of graduates, to show the impact of graduate skills across the country, how patterns differ across regions and industries, and comparisons to non-graduates and wider employees. This includes use of official government…

This article considers the future of STEM education in Singapore, with implications for comparable schooling systems. The Thinking Schools Learning Nation (TSLN) interventions since 1997 brought changes to science education ostensibly for economic competitiveness, the results of which can only become visible in international comparisons in this…

South Asian economies has witnessed very slow growth over the years and the gap has widened manifold between other nations of Asia particularly East Asian nations and South Asian nations. This paper examines co-integration between the economic growth and reach of higher education in South Asian nations explaining this disparity. The research…

Current discussions about education suggest that a transformative pedagogy that goes beyond the acquisition of knowledge and skills is needed. However, there is no agreement as to the inputs needed for a correct development of the educational model. In this sense, we can identify the presence of two different approaches to human and social capital…

Purpose: This paper explores the economic and social effects of human capital investment in the 20th century. As well as drawing on census data and statistical yearbooks in Australia and Aoteoroa/New Zealand, the paper develops its argument by an intersection of scholarly work in sociology, economics and the history of education to consider the…

The role of research-embedded higher education is regarded as one of the driving forces of any growing economy. Higher education institutions (HEIs) are recognized, among their peers, for their quality of research outcome. Hence, with growing emphasis on research worldwide, HEIs strive hard to improve their research output. The proposed study…

China has proposed a new strategy driven by innovation, placing scientific and technological innovation at the core of the country's overall development, and seeing it as a strategic support for improving social productivity and overall national strength. This puts forward new requirements for the construction of high-level universities and the…

Expanded international data from the PIAAC survey of adult skills allow us to replicate the IALS-based analysis by Coulombe, Tremblay and Marchand (2004) as well as Coulombe and Tremblay (2006) based on more recent and more comprehensive data on the literacy skills of the adult population. Results from panel estimations over the period 1970-2010…