Study finds link between university numbers and GDP

A new study published by the National Bureau of Economic Research discovered an established link between the number of universities in a country and its gross domestic product, writes Abby Jackson for Business Insider.

The comprehensive study, titled The Economic Impact of Universities: Evidence from across the globe, evaluated universities in 1,500 regions across 78 countries since 1950 and is one of the few that explicitly shows the link between prevalence of universities and economic health, according to the authors.

"We have found robust evidence that increases in university presence are positively associated with faster subsequent economic growth," they found. "Doubling the number of universities is associated with over 4% higher GDP [gross domestic product] per capita in a region."
Full report on the Yahoo UK Finance site