Relationship between educational indicators and research outcomes in a panel of top twenty nations: Windows of opportunity |
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| Affiliation: | 1. College of Public Administration, Huazhong University of Science and Technology (HUST), 1037, Luoyu Road, Wuhan, PR China;2. Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan;3. Department of Humanities, COMSATS Institute of Information Technology, Abbottabad, Pakistan;1. Instituto de Turismo y Desarrollo Económico Sostenible Tides, Universidad de Las Palmas de Gran Canaria, Spain;2. Departamento de Estadística, Investigación Operativa y Computación, Universidad de La Laguna, Spain;1. Atomic Energy Council, New Taipei City 23452, Taiwan, Republic of China;2. Nuclear Science and Technology Development Center, National Tsing Hua University, Hsinchu 30013, Taiwan, Republic of China;1. Institute for Education and Information Sciences, IBW, University of Antwerp, Venusstraat 35, Antwerp B-2000, Belgium;2. KU Leuven, Department of Mathematics, Celestijnenlaan 200B, B-3000 Leuven, Belgium;3. Library of Tongji University, Tongji University, Siping Street 1239, Shanghai 200092, China;4. SPRU, School of Business, Management and Economics, University of Sussex, Falmer, Brighton BN1 9SL, UK;5. Institute for Education and Information Sciences, IBW, University of Antwerp, Venusstraat 35, Antwerp B-2000, Belgium |
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| Abstract: | The objective of the study is to examine the empirical relationship between educational indicators and research outcomes in top twenty nations of the World in terms of number of publications, citations and patents. The literature on higher education is useful in expressing the general and visible characteristics of a research domain, but cannot reveal the possible interaction between educational reforms and research outcomes. In order to overcome this limitation, the current study employed a panel cointegration technique to evaluate the long-run relationship between educational indicators and research productivity over a period of 1980–2011. The results reveal that educational indicators act as an important driver to increase research productivity in the panel of selected countries. The most promising educational factors i.e., higher education enrolment increases GDP and number of publications by 0.898% and 1.425%, respectively. Similarly, higher education expenditures per student increases research and development (R&D) expenditures, number of citations and number of patents by 1.128%, 0.968% and 0.714%, respectively. Finally, increasing school-life expectancy contributed to researchers in R&D by 0.401%. The study concludes that there is a window of opportunity to equip the youth with necessary skills to ensure a sustainable future for the nations. Higher education empowers and enables students to compete in a highly competitive and interconnected world through research and innovations, which are the drivers of new ideas, businesses and economic growth. |
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| Keywords: | Higher education Research outputs R&D expenditures Panel cointegration |
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