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A Valuation of the Long-Term Socioeconomic Contributions of the European Higher Education Institutions

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A Valuation of the Long-Term Socioeconomic Contributions of the European Higher Education Institutions

dc.contributor.author	Pastor Monsálvez, José Manuel
dc.contributor.author	Serrano Martínez, Lorenzo
dc.contributor.author	Soler Guillén, Ángel
dc.date.accessioned	2017-05-16T08:04:21Z
dc.date.available	2017-05-16T08:04:21Z
dc.date.issued	2016	es_ES
dc.identifier.citation	Pastor, J.M., L. Serrano y A. Soler (2016): "A Valuation of the Long-Term Socioeconomic Contributions of the European Higher Education Institutions", SPINTAN Working Paper, 18, SPINTAN Project, diciembre.	es_ES
dc.identifier.uri	http://hdl.handle.net/10550/58538
dc.description.abstract	This study analyses the contribution of Higher Education Institutions (HEIs) to the socio-economic development of the EU and each of its 28 members over the period 2000-2014. For this purpose, we examine the contributions of HEIs both through their educational and research activities. In the first case, we take into account the direct impact of higher education on the human capital of individuals, as well as the indirect impact on employment rates given the greater participation and employability, ceteris paribus, of people with higher education. In the second case, we study the contribution of the R&D of HEIs to technological capital. To carry out the analysis, counterfactual scenarios which assume that HEIs do not exist are estimated for each country. These counterfactual scenarios serve as a referen ce to estimate the impact of HEIs, applying techniques of growth accounting. The results obtained indicate that HEIs are a significant source of growth in EU countries, also contributing to mitigating the adverse effects of the periods of crisis. For the whole of the EU, the estimates show that GDP per capita would currently be more than one fifth higher than that corresponding to a scenario without HEIs. The results obtained also show the differences in GDP per capita between EU countries of up to 15% a ssociated with the activity of HEIs	es_ES
dc.language.iso	en	es_ES
dc.relation.ispartofseries	SPINTAN Working Paper;18
dc.subject	HEIs	es_ES
dc.subject	human capita	es_ES
dc.subject	labour market	es_ES
dc.subject	economic growth	es_ES
dc.title	A Valuation of the Long-Term Socioeconomic Contributions of the European Higher Education Institutions	es_ES
dc.type	working paper	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS::Economía sectorial::Educación	es_ES
dc.identifier.doi	http://dx.medra.org/10.12842/SPINTAN-WP-18	es_ES
dc.identifier.idgrec	071708	es_ES