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How to Measure the Local Economic Impact of the Universities’ Third Mission Activities?

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  • Zuti, Bence
  • Lukovics, Miklós

Abstract

Nowadays it is more and more important to know that how certain units of regional economy (enterprises, higher education institutions, other units) affect local economy. The economic impact analysis of higher education institutions is more complex than the impact analysis of enterprises, since the complexity of multiple direct and indirect transmissions and effects. The economic effects of higher education institutions (HEIs) are easy to access and easy to systematize using the classification of first, second and third generation universities. The traditional activities of universities have broadened. Beyond the high-quality of education (first generation universities) high- quality research is also necessary (second generation universities), furthermore it is also important that the scientific results should be adapted by the local economy (third generation universities). Generally, there are four substantial problems. First, the definition of impact, second, measuring and estimating first-round expenditures and avoiding double-counting, third, estimating the correct value of the multiplier, fourth, the quantification of third mission activities. The purpose of our study is to reveal the methodology of the quantification of third mission universities regarding the economic impact of universities. We attempt to fully systematize the fundamental challenges of measuring the third mission activities of universities.

Suggested Citation

  • Zuti, Bence & Lukovics, Miklós, 2014. "How to Measure the Local Economic Impact of the Universities’ Third Mission Activities?," MPRA Paper 77573, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:77573
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    References listed on IDEAS

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    1. Rubén Garrido-Yserte & María Gallo-Rivera, 2010. "The impact of the university upon local economy: three methods to estimate demand-side effects," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(1), pages 39-67, February.
    2. John Goddard & Jaana Puukka, 2008. "The Engagement of Higher Educational Institutions in Regional Development: An Overview of the Opportunities and Challenges," Higher Education Management and Policy, OECD Publishing, vol. 20(2), pages 3-33.
    3. Harvey W. Armstrong, 1993. "The Local Income and Employment Impact of Lancaster University," Urban Studies, Urban Studies Journal Limited, vol. 30(10), pages 1653-1668, December.
    4. Wright, Mike & Clarysse, Bart & Lockett, Andy & Knockaert, Mirjam, 2008. "Mid-range universities' linkages with industry: Knowledge types and the role of intermediaries," Research Policy, Elsevier, vol. 37(8), pages 1205-1223, September.
    5. Lukovics, Miklós & Zuti, Bence, 2013. "Successful Universities Towards the Improvement of Regional Competitiveness: "Fourth Generation" Universities," EconStor Conference Papers 156762, ZBW - Leibniz Information Centre for Economics.
    6. repec:wiw:wiwrsa:ersa13p1348 is not listed on IDEAS
    7. Peter Arbo & Paul Benneworth, 2007. "Understanding the Regional Contribution of Higher Education Institutions: A Literature Review," OECD Education Working Papers 9, OECD Publishing.
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    Cited by:

    1. Balazs Kotosz & Marie-France Gaunard-Anderson & Miklos Lukovics, 2015. "International Inequalities in The Local Economic Impact of Universities: The Case of Hungary and France," ERSA conference papers ersa15p777, European Regional Science Association.
    2. Molnár, Gabriella & Zuti, Bence, 2015. "Egyetemek gazdaságfejlesztési hatásainak mérése [The Measuring of the Economic Impact of Universities]," MPRA Paper 78277, University Library of Munich, Germany.

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    More about this item

    Keywords

    Urban; rural and regional analysis; innovation and invention; regional economic activity; higher education;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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