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Higher education institutions, economic growth and GDP per capita in European Union countries

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  • José M. Pastor
  • Carlos Peraita
  • Lorenzo Serrano
  • Ángel Soler

Abstract

This paper presents an estimation of the contribution of Higher Education Institutions (HEIs) to economic growth and the Gross Domestic Product per capita of the European (EU) countries over the period 2000–2015. For this purpose, we analyse the universities’ effects on the supply side of their national economies, especially the contribution of the R&D of HEIs to technological capital of the European (EU) countries. We proposed a methodology of counterfactual scenarios, which assume a hypothetical situation in which HEIs do not exist, to estimating the effects of HEIs, applying techniques of growth accounting. The results obtained indicate that these effects are a significant source of growth in European (EU) countries, contributing to mitigating the adverse effects of the periods of crisis. The estimates show that GDP per capita would currently be more than 11% higher than that corresponding to a scenario without HEIs. The results obtained also show significate differences in GDP per capita between European (EU) countries associated with the activity of HEIs.

Suggested Citation

  • José M. Pastor & Carlos Peraita & Lorenzo Serrano & Ángel Soler, 2018. "Higher education institutions, economic growth and GDP per capita in European Union countries," European Planning Studies, Taylor & Francis Journals, vol. 26(8), pages 1616-1637, August.
    • Handle: RePEc:taf:eurpls:v:26:y:2018:i:8:p:1616-1637
    DOI: 10.1080/09654313.2018.1480707
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    Cited by:

    1. Simplice A. Asongu & Jean R. F. K. Bouanza & Armand F. Akpa, 2024. "Governance and Structural Transformation in Africa: Thresholds of Lifelong Gender Inclusive Education," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 24/010, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    2. Cristiana Tudor, 2022. "The Nexus between Pollution and Obesity and the Magnifying Role of Media Consumption: International Evidence from GMM Systems Estimates," IJERPH, MDPI, vol. 19(16), pages 1-18, August.
    3. Tudorel Toader & Marieta Safta & Cristina Titirișcă & Bogdan Firtescu, 2021. "Effects of Digitalisation on Higher Education in a Sustainable Development Framework—Online Learning Challenges during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(11), pages 1-25, June.
    4. Matheus Pereira Libório & Petr Iakovlevitch Ekel & Carlos Augusto Paiva Martins, 2023. "Economic analysis through alternative data and big data techniques: what do they tell about Brazil?," SN Business & Economics, Springer, vol. 3(1), pages 1-16, January.
    5. Jacek Brożyna & Grzegorz Mentel & Eva Ivanová & Gennadii Sorokin, 2019. "Classification of Renewable Sources of Electricity in the Context of Sustainable Development of the New EU Member States," Energies, MDPI, vol. 12(12), pages 1-22, June.
    6. Tingting Liu & Xiaoxian Zhu & Mengqiu Cao, 2022. "Impacts of Reduced Inequalities on Quality Education: Examining the Relationship between Regional Sustainability and Higher Education," Sustainability, MDPI, vol. 14(21), pages 1-15, October.
    7. Mercedes Gumbau Albert, 2021. "The impact of health status and human capital formation on regional performance: Empirical evidence," Papers in Regional Science, Wiley Blackwell, vol. 100(1), pages 123-139, February.
    8. Ismatilla Mardanov, 2023. "Issues of EU Member Nations’ Shared Sovereignty, Institutions, and Economic Development," Economies, MDPI, vol. 11(4), pages 1-16, April.
    9. Marco Marto & João Lourenço Marques & Mara Madaleno, 2022. "An Evaluation of the Efficiency of Tertiary Education in the Explanation of the Performance of GDP per Capita Applying Data Envelopment Analysis (DEA)," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    10. Kauano, Érico Emed & Silva, José Maria Cardoso & Diniz Filho, José Alexandre Felizola & Michalski, Fernanda, 2020. "Do protected areas hamper economic development of the Amazon region? An analysis of the relationship between protected areas and the economic growth of Brazilian Amazon municipalities," Land Use Policy, Elsevier, vol. 92(C).
    11. Qikang Zhong & Zhe Li & Yujing He, 2023. "Coupling Evaluation and Spatial–Temporal Evolution of Land Ecosystem Services and Economic–Social Development in a City Group: The Case Study of the Chengdu–Chongqing City Group," IJERPH, MDPI, vol. 20(6), pages 1-29, March.
    12. Xiang-Fei Ma & Ru Zhang & Yi-Fan Ruan, 2022. "Evaluation of Common Prosperity Level and Regional Difference Based on the Background of Green Development," Sustainability, MDPI, vol. 14(23), pages 1-13, November.

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