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 tjb2005jwd.
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Note: Appears in Journal of Workforce Development 1(1): 19-28
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Postal: 300 S. Westnedge Ave. Kalamazoo, MI 49007 USA
Web page: http://www.upjohn.org
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local economic development; higher education; returns to education;
Other versions of this item:
- Timothy J. Bartik, 2004. "Increasing the Economic Development Benefits of Higher Education in Michigan," Upjohn Working Papers and Journal Articles 04-106, W.E. Upjohn Institute for Employment Research.
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
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