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The role of colleges and universities in building local human capital

Author

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  • Jaison R. Abel
  • Richard Deitz

Abstract

Colleges and universities can contribute to the economic success of a region by deepening the skills and knowledge—or human capital—of its residents. Producing graduates who join the region’s educated workforce is one way these institutions increase human capital levels. In addition, the knowledge and technologies created through research activities at area universities may not only attract new firms to a region but also help existing businesses expand and innovate. These “spillover effects” can in turn raise the region’s demand for high-skilled workers.

Suggested Citation

  • Jaison R. Abel & Richard Deitz, 2011. "The role of colleges and universities in building local human capital," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 17(Oct).
  • Handle: RePEc:fip:fednci:y:2011:i:oct:n:v.17no.6
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    References listed on IDEAS

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    1. Richard Florida & Charlotta Mellander & Kevin Stolarick, 2008. "Inside the black box of regional development: human capital, the creative class and tolerance," Journal of Economic Geography, Oxford University Press, vol. 8(5), pages 615-649, September.
    2. Moretti, Enrico, 2004. "Estimating the social return to higher education: evidence from longitudinal and repeated cross-sectional data," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 175-212.
    3. Carlino, Gerald A. & Chatterjee, Satyajit & Hunt, Robert M., 2007. "Urban density and the rate of invention," Journal of Urban Economics, Elsevier, vol. 61(3), pages 389-419, May.
    4. Alessandra Faggian & Philip Mccann, 2009. "Universities, Agglomerations And Graduate Human Capital Mobility," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 100(2), pages 210-223, April.
    5. Jaison Abel & Todd Gabe, 2011. "Human Capital and Economic Activity in Urban America," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1079-1090.
    6. Jaison R. Abel & Richard Deitz, 2012. "Do colleges and universities increase their region's human capital?," Journal of Economic Geography, Oxford University Press, vol. 12(3), pages 667-691, May.
    7. Bound, John & Groen, Jeffrey & Kezdi, G.Gabor & Turner, Sarah, 2004. "Trade in university training: cross-state variation in the production and stock of college-educated labor," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 143-173.
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    Citations

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    Cited by:

    1. Elvira Nica & Gheorghe H. Popescu, 2014. "The Economics of Higher Education in the United States," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 87-90, March.
    2. Zotti, Roberto & Barra, Cristian, 2014. "Human capital development, knowledge spillovers and local growth: Is there a quality effect of university efficiency?," MPRA Paper 60065, University Library of Munich, Germany.

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