Higher education and financial crisis: A systematic literature review and future research agenda

Abstract

This study systematically reviews the response of higher education of different economies amidst the financial crisis, focusing on their enrolment patterns and strategies. Six databases have been used in this research paper to find relevant publications from 2000 to 2019. We started from 200 scholarly studies and shortlisted 45 high-quality published papers to rely on for this research. Most studies concluded that most of the economies worldwide are inclined towards internationalisation and innovation approaches in higher education amidst increased competition and market fluctuations. Studies also revealed a strong connection between enrolment and labour market conditions at a higher education level. With the recurring recession, more rigorous approaches need to be introduced to understand short-term and long-term policies’ effectiveness.

Keywords Economic growth, Economies, Enrolment, Financial crisis, Higher education