Eurobank: Greece Can Gain up to 12.7% Higher GDP From Upgrading Universities
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7 Articles
The study by the bank's Economic Analysis Unit highlights the weaknesses of higher education, but also the great development opportunity through research, innovation and attracting foreign students.
At 55.7% (compared to an EU average of 33.1%), the participation rate of young people in universities in Greece is the highest in the European Union, while the number of postgraduate students increased more than eightfold between 2001-2023.
If Greece were to approach the quality of countries with the most advanced scientific research and development systems, GDP could increase by 10.8%-12.7% in the long term, mainly through the enhancement of productivity and the diffusion of knowledge. A substantial upgrade of higher education could provide a growth boost to the Greek economy, according to a new study by Eurobank, which estimates that the convergence of Greek universities with the…
Greece's GDP could increase by up to 12.7% in the long term, if the country manages to approach the quality of the most developed higher education systems.
An increase of up to 12.7% in Greece's GDP could be achieved if universities improve quality and attract foreign students, according to a Eurobank study.
Target 100,000 foreign students and a benefit of 1 billion euros annually.
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