This study investigates the impact of higher education on economic growth and is based on a sample of 18 African economies over the time period 1980-2015. The research makes use of a Panel Vector Autoregression (PVAR) framework to account for potential dynamic and endogenous relationship in modelling of the tertiary education-growth nexus. The…

Most analyses of teacher quality end without any assessment of the economic value of altered teacher quality. This paper combines information about teacher effectiveness with the economic impact of higher achievement. It begins with an overview of what is known about the relationship between teacher quality and student achievement. This provides…

The question about the contribution of economic growth to subjective well-being has caused long-standing debate in the literature on subjective well-being, and Japan is often mentioned as a typical case of no contribution. With a careful examination of the survey text, nevertheless, this study provides a completely opposite result. In other words,…

Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international organizations alike. This is in sharp contrast to recent findings in the economics literature on the…

The purpose of this volume is to present the results of the economic impact analysis in detail by gender and entry level of education. On the data entry side, gender and entry level of education are important variables that help characterize the student body profile. This profile data links to national statistical databases which are already…

Studies indicate investments in social programs that raise a poor working mother's income may be especially beneficial to her children when they are of preschool age. Other studies show that high-quality preschool education interventions can have long-term beneficial impacts on school dropout, lifetime earnings and incarceration rates for…

In a rebuttal of Easterlin (1995), Hagerty and Veenhoven (2003) analyze data for 21 countries and conclude that "growing national income does go with greater happiness." But the U.S. experience does not support this conclusion, which they obtain only by mixing together two sets of noncomparable surveys. Moreover, the result of studies of European…

This report assesses the economic impact of the University of Massachusetts at Boston (UMass/Boston) on the Commonwealth of Massachusetts with attention to three major economic contributions: (1) the additional income that UMass/Boston students generate within the state as a result of their university education; (2) the added state income and…

This 1993 study attempts to define the size and scope of state-wide economic activity generated by the arts in California. The analysis is based on data from surveys of nonprofit arts organization and five case studies. The case studies, which provided context for the core research, include examinations of: (1) artists in Los Angeles County; (2)…

In the past few years an important beginning has been made toward defining and exploring the major issues in the economics of higher education. The research of economists covers a wide range of problems, from that of the Nation's requirements for college-trained people, to detailed questions of financing. Perhaps no single area of this work offers…