The contribution of university rankings to country's GDP per capita

Clifford Tan

MPRA Paper from University Library of Munich, Germany

Abstract: I investigate the impact of country’s university performance in global university rankings on the country’s GDP per capita, and I found the relationship to be strong and statistically significant. Also, the relationship becomes much more significant when the ranking lists are expanded from top 100 to top 500. This suggests that as far as attaining a higher GDP per capita is concerned, it is far more pertinent for a country to have more decent universities (in the Top 500) than having only a few elite universities (in the Top 100) However, country’s university performance seems to have no effect on the GDP growth rate. Institutional factors are investigated too. Among the institutional factors, freedom from corruption appears to be the most significant factor in most cases.

Keywords: GDP per capita; university ranking; ARWU; GDP growth; institution (search for similar items in EconPapers)
JEL-codes: I23 I25 (search for similar items in EconPapers)
Date: 2013-02-24
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