The local and regional economic role of universities: the case of the University of Cardiff
AbstractThe paper evaluates the regional and local economic impact of the University of Cardiff, dividing its effects into two major sides: ”expenditure impacts” and ”knowledge impacts”. It reviews the major tools and methodologies available in the literature to assess the two sides. It measures the ”expenditure impact” in the financial year 2000-2001 through a Keynesian multiplier model developed by the Centre for Advanced Social Studies (CASS) in order to compare that same impact in the financial year 1994-1995. It assesses the university’s ”knowledge impact” through two main variables: 1) employment and destination of graduates or ”people impact”; 2) kind of knowledge produced. It concludes that Cardiff University’s graduates enjoy a full-employment and, according to our conceptual framework (Tavoletti, 2005), it classifies Cardiff’s higher education system as ”non-active” positional competition and ”social knowledge” production.
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Bibliographic InfoPaper provided by Macerata University, Department of Studies on Economic Development (DiSSE) in its series Working Papers with number 09-2007.
Date of creation: Jul 2007
Date of revision: Feb 2010
higher education; knowledge; university; graduates; regional development; human capital;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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- Andersson, Ake E. & Anderstig, Christer & Harsman, Bjorn, 1990. "Knowledge and communications infrastructure and regional economic change," Regional Science and Urban Economics, Elsevier, vol. 20(3), pages 359-376, November.
- Rip, Arie, 2002. " Regional Innovation Systems and the Advent of Strategic Science," The Journal of Technology Transfer, Springer, vol. 27(1), pages 123-31, January.
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