The role universities can play in supporting the state sector
DOI:
https://doi.org/10.26686/pq.v11i3.4550Keywords:
human capital, tertiary education, unemployment rates for graduates, New Zealand Income Survey, Committee on University Academic Programmes (CUAP), science, technology, engineering and mathematics (STEM)Abstract
Over recent decades most of the developed world has invested significantly in lifting the proportion of the population that has a tertiary education, with a view to increasing what is commonly referred to as human capital. The OECD defines human capital as ‘the knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being’. New Zealand spends around 1% of its GDP on tertiary education (OECD, 2014) and has seen a significant rise in the proportion of the population with a tertiary qualification over the past couple of decades.
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