The COVID-19 pandemic triggered the biggest disruption to EU countries' societies and economies, including their education systems, since World War II. Responding to the crisis has forced national governments to increase their spending to keep the economy and public services afloat. This situation has brought about significant opportunities as…

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…

Since the release of "4%" objective of fiscal educational expenditure to GDP in 2012, the Chinese governments at all levels have frequently formulated or changed education finance policy in light of the complex situation of China's economic development. The policy changes have ensured the steady growth of education financial investment,…

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…

This paper describes the effects of workers' investments in their own education in light of the complementarity the Acemoglu (1997) and Redding (1996) showed to exist between R&D and education investments. Despite the different investment efforts that economies pour into their economies, many developing, and least developed countries are…

The Government of Kenya spends 30% of its budget on education. It is commonly assumed that education has an important positive effect on economic growth, but to date the evidence for this assumption has been surprisingly weak. This study aimed at exploring the relationships between the amount of investments in education and economic growth. It was…

A new approach is suggested that depends on and measures how spending on higher and basic education is really an investment in the future, not consumption spending. This is a vital distinction because investment in human capital contributes heavily to growth and development, but also to higher state tax revenue and lower Medicaid, child care,…

The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size--in…

The flow of venture capital into the K-12 education market has exploded over the past year, reaching its highest transaction values in a decade in 2011, industry observers say. They attribute that rise to such factors as a heightened interest in educational technology; the decreasing cost of electronic devices such as tablet computers, laptops,…

The government increased the funding for regional development agencies to 2.3 billion British Pounds in 2007/8, yet hard evidence on the effectiveness of the spending is difficult to find. Techniques for valuing benefits in difficult areas have existed for many years. They range from the hedonic methods and contingent valuation studies of…

In recent years, the debate over reform to national vocational education and training systems has shifted from a focus on the supply-side of VET--qualifications structures, national training schemes and institutional structures--to demand for training by industry and the role of employers in increasing the skills levels of the workforce. Yet,…

The relationship between military expenditure and the stimulation of aggregate demand, inflation, investment, trade balance, foreign exchange, the improvement of taxation, and employment creation and industrialization in the Third World is analyzed. To some extent military expenditure does promote economic growth, but it does not automatically…

Discusses achievements of an expanding public sector in education, health, and income maintenance. Also discusses adverse consequences of developments in these areas as related to labor supply and demand and to savings and investment. Effects of government tax and spending policies on the distribution of income are also addressed. (JN)

This report presents the results of a 1992 study of the performance and management of college and university endowments. Part I offers succinct information on the data collection process, provides definitions, and explains the formula used in the analysis. Part II presents the report's exhibits in two sections. The first section describes: (1)…

This booklet offers an in-depth analysis of the Clinton Administration budget and economic plan. The initial overview explains why the budget can be regarded as both a poverty-reduction and deficit-reduction budget. Chapter 2 offers detailed descriptions of the three main components of the plan--the deficit reduction measure (i.e., spending cuts…