MACROECONOMIC IMPACT OF EXPENDITURES ON HIGHER EDUCATION: REGIONAL INPUT-OUTPUT ANALYSIS

  • Kristyna Vltavska University of Economics, Prague nam. W. Churchilla 4 130 67 Praha 3
  • Jakub Fischer Department of Economic Statistics, Faculty of Informatics and Statistics, University of Economics, Prague, Czech Republic

Abstract

This paper deals with the regional input-output analysis and its application to evaluation of the macro-economic impact of expenditures on higher education. Regional input-output tables represent newly developed tool which can be used for the assessment of the regional economic impact of the particular industry and its institutions. The regional input-output tables were experimentally constructed by the Department of Economic Statistics at the University of Economics for all 14 Czech regions. Employing them, we can demonstrate the impact of expenditures on higher education on the macro-economic indicators and employment. This paper deals with 1 billion Czech crowns expenditures on higher education sent by the Ministry to the hypothetical higher education institution. Finally, the impact of higher education expenditures is compared with the impact of expenditures to another industries (ICT, R&D and tourism).

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Published
2017-12-20
How to Cite
Vltavska, K.; Fischer, J. (2017) 'MACROECONOMIC IMPACT OF EXPENDITURES ON HIGHER EDUCATION: REGIONAL INPUT-OUTPUT ANALYSIS', Journal on Efficiency and Responsibility in Education and Science, vol. 10, no. 4, pp. 116-120. https://doi.org/10.7160/eriesj.2017.100404.
Section
Research Paper