Universities and Economic Growth
If you read the OECD/World Bank playbook on higher education, it’s all very simple. If you raise investments into higher education and research, growth will follow. At the big-picture national level, this is probably true. But it’s maddeningly inspecific. What is the actual mechanism by which higher spending on a set of institutions translates into growth? Is it the number of trained graduates produced? Is it the quality or type of education they receive? Does concentrating research in certain areas