publication . Other literature type . Article . 2016

The external benefits of higher education

Peter McGregor; Kristinn Hermannsson; J. Kim Swales; Katerina Lisenkova; Patrizio Lecca;
Open Access
  • Published: 01 Jan 2016
  • Country: United Kingdom
Abstract
The external benefits of higher education. <i>Regional Studies</i>. The private-market benefits of education are widely studied at the micro-level, although the magnitude of their macroeconomic impact is disputed. However, there are additional benefits of education that are less well understood. In this paper the macroeconomic effects of external benefits of higher education are estimated using the ‘micro-<i>to</i>-macro’ simulation approach. Two types of externalities are explored: technology spillovers and productivity spillovers in the labour market. These links are illustrated and the results suggest they could be very large. However, this is qualified by th...
Subjects
free text keywords: Genetics, FOS: Biological sciences, Pharmacology, 59999 Environmental Sciences not elsewhere classified, FOS: Earth and related environmental sciences, 69999 Biological Sciences not elsewhere classified, 19999 Mathematical Sciences not elsewhere classified, FOS: Mathematics, Cancer, Science Policy, L, HB, L1, General Social Sciences, General Environmental Science, Regional studies, Economy, Public economics, Externality, Higher education, business.industry, business, Economics
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Science and Innovation Policy Studies
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