Over recent years governments have been placing more emphasis on innovation as a source of national competitiveness. Governments now assess their investments across many areas in terms of the contribution that such investments make to increasing innovation. This has been especially significant for education and in particular for the development of…

Uses the multiplicative Cobb-Douglas production function to model Taiwanese economic output, 1953-85, as a function of labor and capital inputs and of measures of educational attainment. Finds that expanding junior high and vocational education met human capital needs and affected economic growth, whereas elitist senior high and tertiary education…

This study uses panel data to examine the direct link between state funding and graduation rates at four-year public institutions. When other factors are held constant, a $1,000 increase in state appropriations per FTE student at four-year public institutions is associated with about a one percentage point increase in graduation rates. This…