WP n. 9 - The local and regional economic role of universities: the case of the University of Cardiff (E. Tavoletti)

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WP n. 9 - The local and regional economic role of universities: the case of the University of Cardiff (E. Tavoletti)

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Ernesto Tavoletti (UniversitÃ di Macerata) (Department of Studies on Economic Development (DiSSE), Macerata University)

Abstract

The paper evaluates the regional and local economic impact of the University of Cardiff, dividing its effects into two major sides: ï¿½expenditure impactsï¿½ and ï¿½knowledge impactsï¿½. It reviews the major tools and methodologies available in the literature to assess the two sides. It measures the ï¿½expenditure impactï¿½ 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 universityï¿½s ï¿½knowledge impactï¿½ through two main variables: 1) employment and destination of graduates or ï¿½people impactï¿½; 2) kind of knowledge produced. It concludes that Cardiff Universityï¿½s graduates enjoy a full-employment and, according to our conceptual framework (Tavoletti, 2005), it classifies Cardiffï¿½s higher education system as ï¿½non-activeï¿½ positional competition and ï¿½social knowledgeï¿½ production.

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Paper provided by Macerata University, Department of Studies on Economic Development (DiSSE) in its series Working Papers with number wpaper9.

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Date of creation: 16 Jul 2007
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Publication status: Published
Handle: RePEc:mcr:wpaper:wpaper9

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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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Bleaney, Michael F, et al, 1992. "What Does a University Add to Its Local Economy?," Applied Economics, Taylor and Francis Journals, vol. 24(3), pages 305-11, March.
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. [Downloadable!] (restricted)
Bob Morgan, 2002. "Higher Education and Regional Economic Development in Wales: An Opportunity for Demonstrating the Efficacy of Devolution in Economic Development," Regional Studies, Taylor and Francis Journals, vol. 36(1), pages 65-73, February. [Downloadable!] (restricted)
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. [Downloadable!] (restricted)

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