Abstract
In this paper, the relationship between the economic growth in the states of Mexico (EGM) and the number of colleges and universities (NU) was estimated. In order to prove the existence of long-term association among the study variables, yearly data from 1995 to 2015 was used and a fixed-effects data panel model was calculated. Results show that a 100% increase in the number of public universities is positively and significantly related to a growth of 38.2% in the GDP per capita. Our evidence can potentially be useful for the design of public policies of higher education, especially in some countries as Mexico while there are not many studies in this regard.
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Notes
- 1.
Non-rivalrous goods are public goods that are consumed by people but whose supply is not affected by people’s consumption. The education and the knowledge are non-rivalrous goods; once something is known it is in principle available to all at very low cost and should be organized so that it is [19].
- 2.
For more information, visit: http://www.execum.unam.mx/.
Execum is a data explorer of the comparative study of the Mexican universities of the UNAM (2018).
National Autonomous University of Mexico (UNAM, by its acronym in Spanish).
- 3.
The National Institute of Statistics and Geography (INEGI, by its acronym in Spanish). It is one of Mexico's autonomous constitutional institutions with its own management, legal personality and assets, responsible for regulating and coordinating the National System of Statistical Information and Geography [9].
For further information on the databases, visit: https://www.inegi.org.mx/.
- 4.
The INPC, by its acronym in Spanish, is a global economic indicator whose purpose is to measure, over time, the variation in prices of a basket of goods and services representative of the consumption of the country's households. The INPC has become one of the main indicators of the country's economic performance; its applications are numerous and of great importance in the economic, legal and social fields.
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Kido-Cruz, A., Luna-Campos, F.A. (2022). Economic Growth and Universities: Empirical Evidence for Mexico. In: León-Castro, E., Blanco-Mesa, F., Alfaro-García, V., Gil-Lafuente, A.M., Merigó, J.M., Kacprzyk, J. (eds) Soft Computing and Fuzzy Methodologies in Innovation Management and Sustainability. Lecture Notes in Networks and Systems, vol 337. Springer, Cham. https://doi.org/10.1007/978-3-030-96150-3_10
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