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The Impact of Research Universities on Regional Economies: The Concept of University Products

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  • Iryna Lendel

    ()
    (Cleveland State University, Cleveland, OH, USA)

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    Abstract

    In what ways do research universities interact with regional economies? The answer to this central question can be found in a framework of the interaction of university products and necessary factors for technology-based economic development. The bundled nature of university products makes it impossible to separately assess the impact of universities on their regional economies. The National Science Foundation's ranking of top research universities and retrospective data on academic R&D expenditures are used in regression models to measure universities' long-term effects over the phases of the latest business cycle. The pattern of statistical significance and the signs of the regression coefficients suggest that the presence of research universities has a positive effect on metropolitan economies above cyclical economic changes. The effect differs depending on the scale of university R&D expenditures and suggests that the most prominent research universities have a stronger impact on their regional economies.

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    File URL: http://edq.sagepub.com/content/24/3/210.abstract
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    Bibliographic Info

    Article provided by in its journal Economic Development Quarterly.

    Volume (Year): 24 (2010)
    Issue (Month): 3 (August)
    Pages: 210-230

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    Handle: RePEc:sae:ecdequ:v:24:y:2010:i:3:p:210-230

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    Related research

    Keywords: economic development; university products; science and technology policy; regional economics; impact of universities;

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    Cited by:
    1. Winters, John V, 2010. "Human Capital and Population Growth in Non-Metropolitan U.S. Counties: The Importance of College Student Migration," MPRA Paper 25592, University Library of Munich, Germany.
    2. André van Stel & Martin Carree & Emilio Congregado & Antonio Golpe, 2013. "Self-employment and Job Generation in Metropolitan Areas, 1969-2009," Scales Research Reports H201306, EIM Business and Policy Research.

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