Impact of International Students on a Small Economy: Evidence from North Cyprus

In the recent years there has been a mass influx of international students to various education hubs across the globe. The resulting concentration of the students in their destinations of choice have increased the market share of the goods and services provided in such towns and economies. This thesis examines the empirical relationship between the enrollment of international students within universities in North Cyprus, and economic growth during the period between 1977- 2020. the Augmented model of Dobb Douglas production function is conducted to establish if international students kindle the expansion of the economy process. The Ordinary Least Square (OLS) methodology is used to evaluate the model’s significance and the comparative relevance of various factors such as capital investment and labor force that could cause an effect on the Turkish Cypriot economy. On the basis of the findings, approximated, power of explication endorses the opinion that international students in the long and short run, it may be a helpful booster of the home economy. Additionally, there is a unidirectional flow from international students to economic growth in the long run.