Impact of economic policy uncertainty on higher education expansion

Dong Wang, Ziwei Wang and Xiaohua Zong

Finance Research Letters, 2023, vol. 52, issue C

Abstract: This study investigates the impact of economic policy uncertainty (EPU) on the gross enrollment rate of higher education of 18 countries' from 1998 to 2019. Using the system generalized method of moments (SYS-GMM), our results show that the EPU has a significant positive impact on the gross enrollment rate of higher education. Furthermore, we observe that the EPU has a heterogeneous effect on the gross enrollment rate of higher education with apparent economy-by-economy differences. Compared with developing countries, the economic policy uncertainty of developed countries has a stronger positive impact on their higher education enrollment rate.

Keywords: Economic policy uncertainty; Higher education expansion; Education expenditure (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:52:y:2023:i:c:s1544612322007401

DOI: 10.1016/j.frl.2022.103564

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