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Higher Education as a Driver of Regional Economy
[Высшее Образование И Экономическое Развитие Регионов России]

Author

Listed:
  • Lyubimov, Ivan

    (Russian Presidential Academy of National Eco­nomy and Public Administration)

  • Iakubovskii, Igor

    (Russian Presidential Academy of National Eco­nomy and Public Administration)

Abstract

This paper discusses the details of the associative link between the structure of economy and the quality of higher education for Russian regions. Such a link facilitates the interplay between the sectoral structure of a regional economy and its higher education system. This kind of economic policy is consistent with a number of theoretical views on the role that human capital plays in the process of economic growth. On top of that, the paper provides an approach which helps in identifying the directions of development of both the system of higher education and the economic structure of the respective region, as well as coordinating these two processes. In addition, we characterize the complexity of each regional economy and the development of its higher education system. The corresponding indicators complement broadly accepted metrics, such as GRP per capita, which help distinguish between regional economies. In particular, the measure of economic complexity reflects how complex, on average, the industries producing the respective GRP level are. In the paper, we also identify a positive association between the complexity of regional economies and the quality and diversity of high- er education programs at the regional level. Nevertheless, a number of regions stay apart because their higher education systems are relatively more advanced compared with the level of complexity of their economies. This result lets us suggest a discussion about the main goals of the regional system of higher education. The provision of training to meet the demands of the local labor market is an important task of the education system. However, a high-quality education system can in itself be considered as a sector of the local economy which is important to develop. Moreover, a high-quality education system facilitates labor mobility, providing better access to better jobs.

Suggested Citation

  • Lyubimov, Ivan & Iakubovskii, Igor, 2020. "Higher Education as a Driver of Regional Economy [Высшее Образование И Экономическое Развитие Регионов России]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 110-139, December.
    • Handle: RePEc:rnp:ecopol:ep122005
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    References listed on IDEAS

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    More about this item

    Keywords

    economic complexity; higher education; inequality;
    All these keywords.

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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