Economic Impact of Investment in Public Higher Education in Massachusetts: Short-Run Employment Stimulus, Long-Run Public Returns

The scale of activity in the international education sector in Australia was estimated in an April 2009 report prepared by Access Economics for the Australian Council for Private Education and Training (ACPET), entitled The Australian Education Sector and the Economic Contribution of International Students. 15 That report estimated the final economic impact of the Australian onshore international education sector in 2007‐8, in terms of spending by students on fees and living expenses plus the expenditure of visitors to students. In 2007‐08, spending by students for Education related travel was equal to $ billion. Access Economics calculates that additional expenditure by visitors of students was equal to $ million, on the basis of estimates from Tourism Research Australia. 16 This indicates total expenditure associated with international students of $ billion. .

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