Referring to the evolutionary economy and the national approach to innovation systems, higher education institutions are widely considered as a leading economic growth instrument. Education brings benefits not only to the individual, but also to the economy as a whole, and it is important to link the global, national, sectoral and spatial dimensions of educational-economic development relations.Thinking about the relationship between education, technological innovation, production and development, the dynamics at multiple scalar levels provide a way forward for education and development. The scope of this publication is to analyze the impact of higher education on economic growth and the main factors, benefits and costs of higher education in Albania’s economic performance. The purpose of this publication is to contribute to the literature by enabling a specific analysis of the impact that higher education has on economic growth, given that Albania is still a transitional country and the education system suffers in many cases from lack of funds and is affected by various reforms.
Keywords: Higher Education, Innovation, Research, Unemployment Rate, economic impact, public and private
