Higher education institutions' impact on the economy

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Published in:	Journal of business economics and management 20(2019), 3, Seite 507-525
Authors and Corporations:	Vaiciukevičiūtė, Agnė (Author), Stankevičienė, Jelena (Author), Bratčikovienė, Nomeda (Author)
Title:	Higher education institutions' impact on the economy/ Agnė Vaiciukevičiūtė, Jelena Stankevičienė, Nomeda Bratčikovienė
Type of Resource:	E-Book Component Part
Language:	English
published:	2019
Series:	: Journal of business economics and management, 20(2019), 3, Seite 507-525 , volume:20
Subjects:	Aufsatz in Zeitschrift
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Abstract:	Despite the strong public interest in the accountability and efficiency in education spending on higher education institutions (HEIs) in Lithuania, there are currently no existing studies which have examined the impact of HEIs on the country's economy. In the present study, we have used a disaggregated input-output table for Lithuania's tertiary education institutions in order to determine the output value added to the local economy by the presence of HEIs. The results of the study have revealed that HEIs contribute to the Lithuanian economy in the period of (2010-2016), with the average of gross domestic output (GDP) of 298.48 mln. euros. The present study is the first of its kind to use input-output table evaluate the impact of HEIs on Lithuania's economy, and its results could be of significant value to the current policy debates regarding the status of higher education in Lithuania.
ISSN:	2029-4433
DOI:	10.3846/jbem.2019.10156
Access:	Open Access