In the rapidly changing atmosphere of the global economy, productivity has become a very important concept for long-term economic growth, development, regional and global competitiveness, raising social living standards and increasing the level of welfare for countries. In the 21st century, when scientific knowledge, technology, innovation,…

This paper studies how students' financial literacy affects their perceptions of returns to schooling and consequently their schooling decisions. We first propose a model of human capital accumulation where financially illiterate students exhibit a cognitive bias of "ironing heuristic." With this decision heuristic, students tend to…

The question of whether economic globalization promotes or depresses governments' education spending has attracted social scientists' attention for decades. Existing literature presents an interesting contrast between two theoretical scenarios, namely race to the top and race to the bottom. This paper attempts to adapt the debate to the…

Purpose: With a focus on Chinese higher education students, the purpose of this study was to explore the relationship between students' perceived employability and their levels of academic engagement and stress. Design/methodology/approach: The study engaged 1,155 students from three universities in China. Students responded to an online survey,…

South Asian economies has witnessed very slow growth over the years and the gap has widened manifold between other nations of Asia particularly East Asian nations and South Asian nations. This paper examines co-integration between the economic growth and reach of higher education in South Asian nations explaining this disparity. The research…

The purpose of this paper is to explore the relationship between the percentage of expenditure on public education of a country and the effect that each percentage mark has on the economic growth, and therefore Gross Domestic Product (GDP) of a country. The goal of this paper is to explore how investment in education impacts the economic growth of…

Purpose: Every September, millions of students--elite human resources--enter higher education in China. This large-scale college-induced migration has substantial impacts on China's national and local labor markets. This study examines the migration pattern in college choice and admission among the Hui students in China. In doing so, we extend the…

Internships are a vital component of vocational education systems. The aim of this study is to understand whether internship programs at vocational schools are correlated with the long-run wages of students. To analyze this, I conduct three sets of analyses using longitudinal survey data from 2013 to 2014 on more than 12,000 vocational students in…

This paper empirically examines the impact of academic research on high-tech manufacturing growth of 28 Organisation for Economic Co-operation and Development (OECD) and emerging countries over the 1991-2005 period. A standard research and development (R&D) expenditure based measure is found to be too general to capture the input in high-tech…

This article examines the dynamics of brain circulation through a historical review of the debates over international migration of human capital and a case study on Chinese-Canadian academics. Interviews with 22 Chinese-Canadian professors who originally came from China provide rich data regarding the possibilities and problems of the contemporary…

Education is recognized to be a key factor of economic development, not only giving access to technological progress as emphasized by the Schumpeterian growth theory, but also entailing numerous social externalities such as the demographic transition (Murtin, 2009) or democratization (Murtin and Wacziarg, 2010). If the evolution of world…

Since 2003, Chinese university students have faced a dangerous level of unemployment after graduation. Current trends indicate that the situation is likely to remain at this level for some time. This article argues that it is difficult to generalize that there has been a decline in the competitiveness of all university students in the job market…

One result of accelerating globalization is the competition for human capital. On one hand, nations are investing more and more in their educational systems to create their own human resources; on the other hand, these nations are struggling to effectively and efficiently utilize their existing human capital. Additionally, there is a massive wave…