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The new Spanish University Law: Economic and Fiscal Impact

Author

Listed:
  • ROSINA MORENO

    (Research Group AQR-IREA. Universitat de Barcelona)

  • JORDI SURIÑACH

    (Research Group AQR-IREA. Universitat de Barcelona)

  • ESTHER VAYÁ

    (Research Group AQR-IREA. Universitat de Barcelona)

  • MAITE VILALTA

    (Institut d’Economia de Barcelona. Universitat de Barcelona)

Abstract

This paper simulates the potential economic and fiscal impacts of the new Spanish University Law. Based on its expected positive effects over the production factors (labour and human and technological capital) due to increases in the number of scholarships and dual mentions and higher R&D investment, among the main ones, we estimate its impact on Spanish GDP in 2018. Additionally, we estimate the fiscal return in terms of Social Security contributions and Personal Income Tax. The paper presents, as well, some concerns related to the political and fiscal implementation of the Law at the national and regional levels.

Suggested Citation

  • Rosina Moreno & Jordi Suriñach & Esther Vayá & Maite Vilalta, 2024. "The new Spanish University Law: Economic and Fiscal Impact," Hacienda Pública Española / Review of Public Economics, IEF, vol. 251(4), pages 81-109, December.
    • Handle: RePEc:hpe:journl:y:2024:v:251:i:4:p:81-109
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    More about this item

    Keywords

    Higher education; Public expenditure; Economic impact; Fiscal impact; Econometrics;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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