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Twelve countries participated in this review, which provided a cross-national perspective on themes of common interest and growing importance regarding the first years of tertiary education. This country note, prepared by the review team, regards the study of Australia.
Is human capital accounting theoretically possible and practically feasible? Economists estimate human capital on the basis of years of schooling or formal educational attainment levels regardless of actual productive capacity. Financial accounting and reporting ignore even these crude measures, leaving human capital off the balance sheet for want of rules or conventions. A review of innovative policies in OECD countries shows that