We examine the effects of a branch campus on the social welfare of the host country and the foreign university. Overall, we find that a branch campus increases both the domestic social welfare (measured by the aggregate student utility) and the tuition revenue of the foreign university. The effect of a branch campus on the brain drain is…

When the global financial crisis hit in 2008, it looked at first as if many European universities were going to escape the worst. Higher education has long been considered a public right and a taxpayer-financed obligation, and there was optimism that universities, which government leaders hail as drivers of economic growth, would emerge relatively…

For more than 50 years, human capital theory has been the cornerstone for understanding the value of investing in individuals' productive capacities in terms of both personal social and economic gain and the collective benefits that accrue to society. Vedder and Denhart (2007) challenge the hypothesis that public investment in higher education…

This paper constructs a theoretical model to evaluate the effects of borderless education on education resource allocation by a public university in a developing country. It is sometimes argued that, with sole emphasis and competence in global knowledge, borderless education will lead to the demise of local knowledge in the developing country. We…

"Chronicle of Higher Education" presents an abundant source of news and information for college and university faculty members and administrators. This May 20, 2005 issue of "Chronicle of Higher Education" includes the following articles: (1) "At Franklin & Marshall, Ringing in the New Generation" (Biemiller,…

"Chronicle of Higher Education" presents an abundant source of news and information for college and university faculty members and administrators. This February 2, 2004 issue of "Chronicle for Higher Education" includes the following articles: (1) "Who's in Charge Here?" (Fish, Stanley); (2) "Conference Man…