A simplified medium term dynamic model of endogenous growth is used to analyze education externalities. Returns include direct but also indirect effects from education on growth and development. Indirect effects are externalities because they arise as the result of the education of others and...

This paper provides a conceptual framework for the articles that follow in this special issue of the Journal of Education Finance by exploring how the external social benefits of higher education contribute to higher sustainable rates of per capita development of families and nations. It...