This study evaluates Mankiw, Romer and Weil's augmented neoclassical growth model with human capital for Iceland. Moreover, we differentiate between the impact of upper-secondary and tertiary education. Both unrestricted and restricted regressions show that human capital stimulates real GDP per capita changes. The value of the elasticity of output…

This study aimed to evaluate the long-term dynamic effects of expenditures on higher education in OECD countries and the higher education enrollment rate on human capital and per capita income. The study was designed to achieve realistic results by evaluating both higher education expenditures and enrollment rates. It was determined that in…

Extending recent analyses using PISA data, the current study utilises the OECD's Survey of Adult Skills (PIAAC) to test the central claims of knowledge capital theory. PIAAC has a distinct advantage over PISA in that it more directly tests levels of purported 'knowledge capital' across an entire national workforce, rather than offering…

The development of intellectual capital at the macro- and mesoscale is the main tool for the transition of the economy to a progressive sixth technological mode, and at the level of an individual organization it ensures its stable position and high competitiveness in the market. However, training and educating its applications are of a great…

This paper quantifies the economic benefits of educational improvement covered by the educational goals of the European Union, providing disaggregated projections for each of the EU countries and comparative economic results for alternative policy goals. Increased student achievement by 25 PISA points across the EU would be expected to add €71…

Since the COVID-19 pandemic, the South Korean government has initiated education reform in the national curriculum and teacher education. Teacher professionalism is considered crucial to the reform components of developing competencies and agency of students by policy elites at the Ministry of Education. Hence, this study uses the frame analysis…

Human capital development is crucial for economic growth. Policymakers must understand the factors influencing human capital accumulation since they may vary by setting and sector. For example, micro-enterprise employees enhance their skills through on-the-job training or vocational programs. In educational institutions, family and school…

The present paper is a comparative examination of three European Commission (EC) countries' primary and elementary education curricula with the European Commission's Communication and its consequences for curriculum skills relating to children's lives as adults and workers. It is a documentary analysis of secondary sources of the texts of the…

The United Nations Sustainable Development Goals (SDGs) are a significant marker in global efforts to universalise a conception of ecologically sustainable human development. SDG 4's expanded vision of quality education for all extends to the Education for Sustainable Development (ESD) Agenda's call for education that contributes to all of SDGs,…

Drawing boundaries in federal systems is often a practical and constitutional challenge for public finance and the delivery of higher education. This paper studies arrangements between national and provincial governments as they affect post-secondary performance in Canada. The study investigates several categories of interaction between levels of…

Diversity has been an important topic of research for some time in higher education, though the purposes underlying this attention have varied across national and regional contexts. In many parts of the world, the term "diversity" has been emphasized with regard to variety among the programs or services provided by academic institutions,…

Higher Education (HE) plays an active role in nation building by developing and transforming the human capital holistically. This lifelong endeavour is by no means smooth sailing as HEs have to face many challenges. One prominent challenge is of university ranking, which is highly Westernized and exceedingly quantitative. "Creatical…

The purpose of this research paper is to investigate how technology has influenced the economic growth of developing countries and what steps are needed to be implemented in the regions of the world such as Latin America and Sub-Saharan Africa. The paper reflects the arguments and the conclusions brought up during the discussion with a student…

Universities in anglophone countries responded to soaring numbers of non-traditional enrolments by expanding student support services. They have done so without being able to guarantee that international students will develop in their English language during a university degree (Humphreys, 2022, The need for English language development in…

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…