Short- and Long-Term Macroeconomic Returns to Higher Education

Datos Bibliográficos

ID2544804
AutoresJimy M Sanders (autor de correspondencia)
Año1992
Volumen65
Número1
Páginas21
Fecha de publicación1992-01-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaSociology of Education (JOURNAL)
Identificadores de la revistaISSN: 0038-0407 • E-ISSN: 1939-8573
EditorialJSTOR (PUBLISHER)
DOI10.2307/2112690
OpenAlexW2052350013
IdiomaEN
Citas recibidas2
Referencias citadas21

This study examines relationships between expenditures on higher education and economic production in the United States. Aggregate time-series models yield three main findings. First, the private economy appears to be better stimulated by governmental spending on higher education than by governmental spending in general. Second, higher education expenditures on organized research have favorable and long-lasting effects on private production. Third, higher education expenditures on nonresearch activities are stimulative over the short term, but are inversely related to private production over the long term. Several implications of these findings are discussed, including how post-1960 changes in the priorities of federal and state spending on higher education may be affecting the national economy

Demographic economics · Economic growth · Economics · Education economics · Education policy · Higher education · Labour economics · Macroeconomics · Private education · Production (economics) · Public economics · Term (time) · Yield (engineering) · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Higher Education Research Studies