Higher education and economic development: can public funding restrain the returns from tertiary education?

Paola Azar Dufrechou ()
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Paola Azar Dufrechou: Departament d'Economia Aplicada, Universitat Autonoma de Barcelona; Institute of Economics, Universidad de la República-Uruguay

Working Papers from Department of Applied Economics at Universitat Autonoma of Barcelona

Abstract: This paper examines whether the contribution of tertiary education to economic growth and income per capita depends on the structure of public education budgets. The analysis resorts to a panel of 41 countries over the period 1970-2010. The empirical approach is based on system GMM regressions and Hierarchical Linear Models, which allow dealing with endogeneity concerns and parameter heterogeneity. The estimates show that budget imbalances against basic schooling seem to undermine the achievement of productivity gains from higher education.

Keywords: tertiary education; public spending; economic growth; income per capita (search for similar items in EconPapers)
JEL-codes: H52 I25 I26 O40 O50 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2018-01
New Economics Papers: this item is included in nep-edu
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Persistent link: https://EconPapers.repec.org/RePEc:uab:wprdea:wpdea1802

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