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…

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…

This book examines access, lifelong learning and education for all, which have been policy preoccupations in all countries for more than half a century, but have been overlaid and pushed aside by the development of mass higher education. The authors examine what has been achieved, what lessons have been learnt and what still remains to be done,…

The convergence of a digital transformation and a growing youth population in Africa represents an opportunity to harness digital and demographic dividends to boost human capital development. Higher education institutions play a central role in this process as the demographic dividend is accrued from the rise in the proportion of educated…

21st century research, to date, indicates that the private and social returns from higher education are substantial. The subtext of both human capital theory and the signaling model is a belief that higher earnings are an indicator of "earned merit"; an assumption called into question, challenging the meritocratic basis for earnings…

The existing literature offers an instrumentalist approach that focuses on how economic rationality underlies international student mobility (ISM). In response to these instrumentalist accounts, a critical approach emerges and reemphasises the importance of humanity and human rights in ISM and the process of internationalisation of higher…

The purpose of this paper is to explore the relationship between fair access policies and discourses of development through a policy analysis of higher education reform in post-authoritarian Indonesia (1998-present). The method was document analysis of five laws/regulations, using the criteria of accessibility, availability, and horizontality to…

Most public colleges and universities rely heavily on state financial support. As state budgets have tightened in recent decades, appropriations for higher education have declined substantially. Despite concerns expressed by policymakers and scholars that the declines in state support have reduced the return to education investment for public…

Today, one of the long-term development goals of Azerbaijan is to train competitive human capital in higher education in the 21st century in accordance with the modern requirements of the labour market. In this context, the modernisation of the quality assurance system in higher education in Azerbaijan is one of the priority issues. The article…

This dissertation presents three separate essays. The first two essays explore the gender wage gap and its dynamics in urban China from 1995 to 2018. The first chapter decomposes the gender wage gap based on the observed wage for workers with a precise measure of the hourly wages. The first chapter examines the observed average gender wage gap in…

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,…

In Egypt and Jordan, there is a substantial mismatch between the output of the higher education system and the needs of the labor market. Both demand and supply-side factors could be driving this mismatch. This paper tests a key supply-side issue, whether differences in the institutional structures and incentives in higher education affect the…

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…