| Practice area: | Economics of Education | Education and Labour Markets | Further education | Higher education |
|---|---|
| Client: | N/A |
| Published: | June, 2011 |
| Keywords: | modelling qualitative analysis quantitative analysis |
London Economics were commissioned by the Department for Business Innovation and Skills to undertake a detailed assessment of the value of educational exports to the United Kingdom economy. The analysis consisted of an assessment of the value of higher education tuition fee and non tuition fee expenditure along with the value of research grants and contracts, transnational education, alumni donations, as well as the value of university spin outs and the licensing of intellectual property overseas. The analysis was replicated for Further Education. We also assessed the export value of the English Language training sector, independent primary and secondary schools, publishing, broadcasting, educational supplies, and examination awarding bodies. The analysis indicated that the total value of educational exports in 2008/09 was £14.143 billion. As part of the analysis, we also modelled the future value of educational exports to 2025 following the introduction of the Coalition government’s new immigration policy and the increased fees that will be charged in higher education institutions from 2012/13.