Human capital investment or academic marginalism? Understanding the influence of political economy on higher education in post-socialist Europe
- 26 February 2018
- journal article
- research article
- Published by Taylor & Francis Ltd in Policy Reviews in Higher Education
- Vol. 2 (2), 151-175
- https://doi.org/10.1080/23322969.2018.1485117
Abstract
The purpose of this study is to examine whether the human capital theory tenets hold in Central and Eastern European countries (CEEC) that transitioned from socialist regimes to a market-based economy. The modeling approach relied on 18 years (1994–2012) of country level data collected from the World Bank, in order to explore whether the increase in labor force with tertiary education (i.e. human capital) was associated with better economic outcomes in post-socialist European countries, measured by GDP per capita. Findings from the panel data estimations indicated that, despite of the rise of GDP, the increases in the proportion of labor force with post-secondary education were not associated with this economic growth in post-socialist countries, and that the opposite was true for other European countries. Given that these findings problematize the applicability of the human capital theory in CEEC region, the recently developed theory of academic marginalism is utilized to help further explore this issue.Keywords
This publication has 28 references indexed in Scilit:
- Higher Education in Western Balkans: Recent Trends and ChallengesInternational Higher Education, 2016
- Academic marginalism in Western Balkans: the case of CroatiaEuropean Journal of Higher Education, 2016
- Comparative studies of policy agendasJournal of European Public Policy, 2006
- Impact, regulation and health policy implications of physician migration in OECD countriesHuman Resources for Health, 2004
- Panel Data EconometricsPublished by Oxford University Press (OUP) ,2003
- Bureaucracy and Growth: A Cross-National Analysis of the Effects of "Weberian" State Structures on Economic GrowthAmerican Sociological Review, 1999
- The politics of quantificationAccounting, Organizations and Society, 1998
- International comparisons of educational attainmentJournal of Monetary Economics, 1993
- Economic Growth in a Cross Section of CountriesThe Quarterly Journal of Economics, 1991
- Human Capital, Fertility, and Economic GrowthJournal of Political Economy, 1990