Original Research
The expenditure and foreign revenue impact of international students on the South African economy
Journal of Economic and Financial Sciences | Vol 4, No 2 | a327 |
DOI: https://doi.org/10.4102/jef.v4i2.327
| © 2018 Naum Aloyo, Arnold Wentzel
| This work is licensed under CC Attribution 4.0
Submitted: 29 June 2018 | Published: 31 October 2011
Submitted: 29 June 2018 | Published: 31 October 2011
About the author(s)
Naum Aloyo, University of Johannesburg, South AfricaArnold Wentzel, University of Johannesburg
Full Text:
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In South Africa, there is still no clear policy of internationalisation of higher education, partly due to limited research. So far, only two efforts – at Nelson Mandela Metropolitan University (NMMU) in 2004 and Rhodes University in 2005 – have been made to determine the expenditure and foreign revenue impact of international students on South Africa. Each of these papers sampled only a single university, so they are of limited use for national impact analysis. To build on these studies, this research was conducted at six South African universities that admit the largest number of international students and also included the economic effects of spending items hitherto neglected. We show that international students (mainly from Africa) contribute significantly to South African GDP and balance of payments, but that South Africa still lags behind in exploiting and enhancing these benefits.
Keywords
export of education; international students; economic impact
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