Pathways to Growth and Economic Development
Chapter 3: Higher education and economic welfare
Economic history teaches us that, at least from the first half of the nineteenth century, with the advent of the modern university and the Humboldt model, scientific and technological progress of industrialized nations took place hand in hand with the development of university institutions committed to academic research and education. In recent decades, in the wake of the effect of the growth in investments in research and development (R & D), the diffusion of communications and information technologies as well as the inception of what is now known as the knowledge economy, it has also become almost commonplace for experts and policymakers to remind us in their speeches that university institutions are of fundamental importance to the wealth of nations and thus to the well-being of their citizens. Less easy, however, is identifying precisely the specific channels through which universities contribute to economic progress and whether the benefits impact upon society as a whole or only those who have gained university education.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.