This study aims to investigate the relationship between higher education and economic growth in the United States, using data from 2015 to 2022 on higher education investment, education acquisition, and growth rate. The study employs regression analysis to analyze the fundamental determinants of growth theory for economic growth, which are human capital and knowledge capital of countries. The results show a statistically significant positive relationship between higher education and economic growth in the USA. The study suggests that increasing investment in higher education can lead to long-term economic growth. These findings have important implications for policymakers interested in promoting economic growth through investment in higher education, not only in the USA but also in other countries. The paper concludes by highlighting the need for further research to investigate the causal mechanisms that underlie the observed relationship between higher education and economic growth.

Authors:
Xianhua Luo, Delaware State University, United States

About the Presenter(s)
Dr Xianhua Luo is a University Doctoral Student at Delaware State University in United States

Connect on ResearchGate
https://www.researchgate.net/profile/Xianhua-Luo-3

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