Increasing the Economic Development Benefits of Higher Education in Michigan
AbstractThis paper considers how a state such as Michigan can increase the economic development benefits of higher education. Research evidence suggests that higher education increases local economic development principally by increasing the quality of the local workforce, and secondarily by increasing local innovative ideas. These economic development benefits of higher education can be increased by: 1) competent management of conventional economic development programs that focus on business attraction and retention; 2) policies that focus on increasing local job skills by educating the state's residents, as opposed to attracting in-migrants; 3) policies that address specific "market failures" in how higher education leads to increased workforce quality or business innovations.
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Bibliographic InfoPaper provided by W.E. Upjohn Institute for Employment Research in its series Upjohn Working Papers and Journal Articles with number 04-106.
Date of creation: Sep 2004
Date of revision:
education; higher; economic; development; Michigan; Bartik; Upjohn;
Other versions of this item:
- Timothy J. Bartik, . "Increasing the Economic Development Benefits of Higher Education in Michigan," Upjohn Working Papers and Journal Articles tjb2005jwd, W.E. Upjohn Institute for Employment Research.
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
- H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
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