Estimating the Propensity of Consuming Higher Education Abroad: Evidence from Nigeria
Keywords:
Higher education Consumption, GATS, Abroad, Factor analysis, Nigeria JEL Classification, F22, C38.Abstract
This study investigated the propensity to consume higher education abroad by Nigerian students within the context of the General Agreement on Trade and Services. This was carried out to understand the extent to which different factors under certain rationale influence the decision of students to study abroad. Employing the factor analysis technique, the empirical analysis revealed that the underlying factors that drives the consumption of higher education abroad cut across personal, price, domestic educational issues, parental influence and academic reasons. Prospective candidates mostly decided to study abroad because of the available opportunities that enhance their career prospects through acquiring high quality education with qualifications that are globally recognized given the current challenges being witnessed in the Nigerian educational sector.
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