|Practice area:||Economics of Education | Education and Labour Markets | Higher education|
|Published:||12 January, 2017|
|Keywords:||analysis of economic developments economics of education education EU financial modelling forecasting impact assessment quantitative analysis UK|
London Economics were commissioned by the Higher Education Policy Institute and Kaplan International Pathways to undertake an analysis of the international determinants of UK higher education enrolments. The analysis illustrates the impact of macroeconomic factors (such as a currency depreciation or overseas economic growth), institutional factors (such as UK and US fee levels) and policy factors (such as the removal of the post study work visa programme in 2012) on the demand for UK higher education.
In addition to the econometric analysis, the analysis also presented three potential scenarios following the decision of the UK to leave the European Union: a removal of student support for EU students; fee harmonisation between EU and International students; and a 10% depreciation of Sterling. Splitting universities into four distinct clusters, the impact of the various scenarios on UK higher education institutions’ tuition fee revenues was demonstrated.
The full report is available through the link above.