Abstract
Despite the strong public interest in the accountability and efficiency in education spending on higher education institutions (HEIs) in Lithuania, there are currently no existing studies which have examined the impact of HEIs on the country’s economy. In the present study, we have used a disaggregated input-output table for Lithuania’s tertiary education institutions in order to determine the output value added to the local economy by the presence of HEIs. The results of the study have revealed that HEIs contribute to the Lithuanian economy in the period of (2010–2016), with the average of gross domestic output (GDP) of 298.48 mln. euros. The present study is the first of its kind to use input-output table evaluate the impact of HEIs on Lithuania’s economy, and its results could be of significant value to the current policy debates regarding the status of higher education in Lithuania.
Highlights
In the educational context, it is increasingly important that higher education institutions (HEIs) are demonstrably efficient and yield a positive economic impact upon their environment and key stakeholders (ECD, 2013; Jaeger & Kopper, 2014; Zhang, Larkin, & Lucey, 2017; Tilak, 2018)
The present study examines the issues surrounding the expenditure impact of Lithuanian HEIs on the economy of Lithuania by employing an input-output analysis
We have calculated the output for each of the 13 public HEIs in Lithuania, and our findings suggest that Lithuanian HEIs have a significant positive economic impact on the national economy
Summary
It is increasingly important that higher education institutions (HEIs) are demonstrably efficient and yield a positive economic impact upon their environment and key stakeholders (ECD, 2013; Jaeger & Kopper, 2014; Zhang, Larkin, & Lucey, 2017; Tilak, 2018). Many of the previous research studies produced abnormal results due to the application of measurement methods that duplicated the economic impact of supply-side HEI effects These two problems demonstrate that there remains a gap in the research literature regarding the economic impact of Lithuanian HEIs. Results of the research examined the economic impact of HEIs, on the economy of Lithuania. Results of the research examined the economic impact of HEIs, on the economy of Lithuania This unique focus provides valuable insights for stakeholders along the value chain of higher education by providing a measure of accountability on whether these contributions are providing significant value and a return on investment. The findings identified the output value added to the local economy as a result of the HEIs’ presence in the region
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