The economic impact of the creation of universities: evidence linked to the expansion of the education system in Argentina 1993-2018
Keywords:
autoregressive, impact, population, universitiesAbstract
In this paper, an autoregressive spatial econometric model is used for panel data, with the aim of determining the regional economic impact on the regional geographic product (PGR) that the population level has and the creation of public management universities in Argentina, to the period 1993 – 2018. Evidence of a negative and highly significant relationship was found between the population level and the PGR per capita, on the other hand, there is a positive and significant dependence on the number of universities. Thanks to this, it can be said that the presence of universities is positively associated with economic growth.In conclusion, this work suggests that universities have a very important role in society, which goes beyond their effect as producers of human capital, that is, that we must take into account the externalities that this institution generates due to its wide impact range.
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