Benefit-cost analysis of foreign student flows from developing countries

the case of postgraduate education

Christopher Heaton*, David Throsby

*Corresponding author for this work

Research output: Contribution to journalArticle

2 Citations (Scopus)


This paper demonstrates the formulation and computation of major items of benefit and cost that might be included in an evaluation of social rates of return to foreign study, and considers the question of incidence of measured effects between sending, host and third countries. Interest is focused especially on the South/North flow of students at postgraduate level. The methods discussed are illustrated through an application to the case of postgraduate students from Fiji studying at Australian universities. Internal rates of return and net incidence outcomes are calculated, and some policy implications are explored.

Original languageEnglish
Pages (from-to)117-126
Number of pages10
JournalEconomics of Education Review
Issue number2
Publication statusPublished - Apr 1998

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