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The Local Economic Impact of Construction Projects in a Small and Relatively Self-contained Economy

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  • H. W. Armstrong

    (University of Sheffield)

  • J. Darrall

    (Lancaster University)

  • R. Grove-White

    (Lancaster University)

Abstract

Whilst the local multiplier impacts of the annual operation of universities has been the subject of intensive research, the economic impacts of capital construction projects have been almost completely ignored. This paper presents the results of detailed analysis of capital projects at Lancaster University in 1993- The reasons for the radically different annual operation and construction multipliers estimated in the Lancaster study are examined. Despite the smaller size of construction multipliers it is argued that it is a serious mistake to estimate local construction multipliers by making simplifying assumptions on the size of the key parameters in the multiplier equations.

Suggested Citation

  • H. W. Armstrong & J. Darrall & R. Grove-White, 1997. "The Local Economic Impact of Construction Projects in a Small and Relatively Self-contained Economy," Local Economy, London South Bank University, vol. 12(2), pages 146-159, August.
    • Handle: RePEc:sae:loceco:v:12:y:1997:i:2:p:146-159
    DOI: 10.1080/02690949708726382
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    References listed on IDEAS

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    1. Brownrigg, M, 1973. "The Economic Impact of a New University," Scottish Journal of Political Economy, Scottish Economic Society, vol. 20(2), pages 123-139, June.
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    Cited by:

    1. John Glasson, 2003. "The Widening Local and Regional Development Impacts of the Modern Universities — A Tale of Two Cities (and North-South Perspectives)," Local Economy, London South Bank University, vol. 18(1), pages 21-37, February.
    2. Mykhailo LUCHKO & Stanisław SZMITKA & Yuriy PYNDA & Lyudmyla KUTS, 2020. "Expert Analysis And Impact Assessment Of The Construction Sector Enterprises On The Economy: The Experience Of Ukraine," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 133-144, June.

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