This paper summarises the literature that has linked education and economic growth. It begins with an overview of the key concepts in neoclassical and endogenous growth models, and discussion on how these have been tested in the data. Issues with respect to specification, the measurement of human capital and causality are discussed, together with…

This article investigates whether student flows significantly channel academic knowledge from developed countries in the North to less developed ones in the South. It also examines if human capital absorbs and materialises this academic knowledge into technological development. Empirical analysis on a panel of 55 developing countries over…

Though there is an existence of writings on human capital and its relationship to growth, but it has missed the economic impact of universities. It is known that the knowledge of economy has a positive role in achieving economic development. So my paper focuses on the role of education expenditure in achieving economic development. The human…

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…

This paper develops a human capital-based structural equation model to analyze the mediocre-quality, low-productivity, and low-performance levels characterizing large subsets of universities in developing countries. Using a structural equation model, we have first specified one particular way in which overall university performance might be…

Federal government agencies provide about $33 billion a year to universities to conduct scientific research. That continuing investment expands human knowledge and helps educate the next generation of science and technology leaders. New discoveries from university research also form the basis for many new products and processes that benefit the…

The mission of the university is to increase human capital in all its dimensions, or value added to human capital through production of valid knowledge. Education and research are by-products, representing learning and discovery. Teaching is a distribution process within education. Distribution of research occurs through products such as public…