Shared more. Cited more. Safe forever.
    • advanced search
    • submit works
    • about
    • help
    • contact us
    • login
    View Item 
    •   MOspace Home
    • University of Missouri-Columbia
    • Office of Undergraduate Research (MU)
    • Undergraduate Research and Creative Achievements Forum (MU)
    • 2008 Undergraduate Research and Creative Achievements Forum (MU)
    • View Item
    •   MOspace Home
    • University of Missouri-Columbia
    • Office of Undergraduate Research (MU)
    • Undergraduate Research and Creative Achievements Forum (MU)
    • 2008 Undergraduate Research and Creative Achievements Forum (MU)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.
    advanced searchsubmit worksabouthelpcontact us

    Browse

    All of MOspaceCommunities & CollectionsDate IssuedAuthor/ContributorTitleIdentifierThesis DepartmentThesis AdvisorThesis SemesterThis CollectionDate IssuedAuthor/ContributorTitleIdentifierThesis DepartmentThesis AdvisorThesis Semester

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular AuthorsStatistics by Referrer

    Differential effects of the components of higher education expenditure on U.S. state economic growth [abstract]

    Araujo, Valeska
    Curs, Bradley R.
    View/Open
    [PDF] DifferentialEffectsComponents.pdf (27.76Kb)
    Date
    2008
    Contributor
    University of Missouri-Columbia. Office of Undergraduate Research
    Format
    Presentation
    Metadata
    [+] Show full item record
    Abstract
    Over the past thirty years, the importance of human capital investment in the United States has significantly increased leading to a dramatic upward pressure on tuition prices. This dramatic increase in tuition levels has raised a debate as to what should be the proper amount of the investment in human capital and what are the true effects on economic growth. Specifically, this debate is centered on whether an investment in human capital through higher education leads to the substantial positive externalities as was previously expected. On one hand, some scholars argue that greater public funding on education is needed to increase labor force productivity. On the other hand, research indicates that the cost of human capital investment has increased such that the returns no longer outweigh the costs. This paper expands upon previous research by breaking down higher education spending into specific expenditure components, such as research and instruction as well as appropriations and grant-aid, as opposed to solely analyzing the total amount of funds spent by states on higher education. A distinctive result emerges indicating that research spending is both positively and significantly related to state economic growth, while the effects of both instructional and other spending remain insignificantly different from zero. Different levels of impact are also obtained through our second allocation analysis, where results indicate both a positive and significant correlation between appropriations and growth, while grant-aid expenditure effects remain to be insignificant. In general, the evidence suggests that states with a large university research presence could benefit through increased economic growth. However, growth maximizing models may vary based upon the differing factors across states. Hence, this research finds that what may be important is not the amount spent by states on higher education, but rather, how is it spent.
    URI
    http://hdl.handle.net/10355/1863
    Part of
    2008 Undergraduate Research and Creative Achievements Forum (MU)
    Collections
    • 2008 Undergraduate Research and Creative Achievements Forum (MU)

    Send Feedback
    hosted by University of Missouri Library Systems
     

     


    Send Feedback
    hosted by University of Missouri Library Systems