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Universities’ study backs increased spend
Universities’ commissioned study shows increasing spend pays off for country’s GDP
By Peter Kerr for sticK
(sticK - Oct. 15 2010 ) According to Universities New Zealand commissioned research, an additional $40m per year invested in university education over the next five years would provide a permanent 0.12% or $370m per year increase in GDP by 2025.
The representative body for universities asked the NZ Institute of Economic Research to model the effect that extra spending would have.
By injecting a temporary ‘shock’ of extra investment, NZIER was able to see the effects as they flow through the economy, how long it takes for the effects to be felt and how long they last.
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