Abstract
In this article we compare the higher education finance of advanced countries using OECD’s “Education at a Glance” data from 1998~2018. We first investigate the relationship among input side variables such as relative size of number of college students, relative size of per student expenditure, the portion of public expenditure in higher education finance. We find fundamental trade-off between the quality and quantity, as captured by the negative correlation between the per student expenditure-GDP per capita ratio and the number of college students compared to the total population. We also investigate the relationship between the input and outputs of higher education. The major findings are that the higher the portion of public expenditure in higher education finance, the lower the chance of having world’s top research universities. Meanwhile, the youth unemployment tends to be lower in countries that governments’ portion of higher education finance are large.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.